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February 17, 2015
In the News
The next issue of Agri Marketing will feature a Salute to BASF on its 150th anniversary! Plus a Focus Report on the Dairy market. To schedule your firm's ad, contact Audrey Evans: AudreyE@AgriMarketing.com; Ph: 515-954-8589.
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +.01 ½ | 3.87 ¼ | 4.40 ½ |
| Soybeans | +.17 | 9.90 ½ | 13.44 ¼ |
| Wheat | +.06 | 5.33 | 5.95 ½ |
| Cattle | +3.92 | 160.00 | 143.15 |
| Hogs | -3.25 | 66.03 | 94.93 |
| Cotton | +1.11 | 62.70 | 87.60 |
| Milk | -.15 | 15.73 | 23.12 |
| Crude Oil | +1.09 | 52.78 | 100.35 |
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Comments: Grain and soybean futures edged higher again last week in choppy trading influenced by outside factors including uncertainty over the Greek debt situation.
Soybean futures found fundamental support from indications of good demand, including higher USDA estimates of the U.S.
crush and exports.
Corn futures struggled to gain ground despite a smaller U.S.
carryout estimate from USDA amid ideas supplies remained ample to meet demand.
Wheat futures finished the week higher on fund short covering despite pressure from larger USDA projections for U.S.
and world wheat ending stocks.
Concerns about cold weather in the U.S.
Midwest provided some support, even though most SRW wheat areas had snow cover.
It was a widely mixed week for livestock futures with lean hog contracts racking up sizeable losses again under pressure from ample hog supplies despite a late week bounce.
Nearby live cattle futures, on the other hand, bounced higher on support from their discount to stronger Plains cash markets.
Delays to U.S.
pork and beef exports due to a labor dispute at West Coast ports remained a negative factor for both the hog and cattle markets.
Cotton futures rallied further on fund short covering after USDA cut its forecast for the U.S.
carryout due to stronger projected exports, but a drop off in weekly export sales capped buying interest.
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