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March 2, 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 | -3/4 | 3.84 ½ | 4.48 |
| Soybeans | +.31 ½ | 10.30 ¾ | 13.93 ½ |
| Wheat | +.07 ¼ | 5.17 ½ | 5.82 ¼ |
| Cattle | +3.17 | 151.70 | 144.45 |
| Hogs | +.08 | 67.48 | 103.85 |
| Cotton | +.06 | 64.73 | 86.91 |
| Milk | +.16 | 15.69 | 22.23 |
| Crude Oil | -1.05 | 49.76 | 102.40 |
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Comments: Soybean futures were the big movers in the grain/soy complex last week, rising more than 3% to post their fourth straight weekly gain on concerns about the availability of Brazilian soybeans amid transportation disruptions caused by striking truckers in that country.
Technically-driven short covering also boosted soybean prices.
Corn futures were unable to follow soybeans higher in the face of pressure from large U.S.
supplies.
A drop off in weekly U.S.
ethanol production also weighed on corn prices.
Wheat futures rallied late in the week on U.S.
winter wheat crop problems and technical buying to end slightly firmer, even though Egypt's purchase of 290,000 metric tons of U.S.
HRW wheat failed to end concerns about the export competitiveness of U.S.
wheat.
Livestock futures generally strengthened with live cattle contracts supported by their wide discount to firm cash markets as February live cattle expired on Friday.
Strong beef prices and improved packer margins were also supportive for the cattle market.
Lean hog futures started out the week strongly on support from weather-driven strength in U.S.
cash markets and technical buying, but faltered late in the week as demand for hogs slowed amid weakened packer margins.
Cotton futures rose for the fifth week in a row amid expectations for lower 2015 cotton plantings, although profit taking set in late in the week.
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