Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | + .02 ½ | 3.65 ½ | 4.84 ¼ |
| Soybeans | - .23 | 9.53 ¼ | 14.70 ¼ |
| Wheat | + .29 ½ | 5.11 | 6.78 ¼ |
| Cattle | + 1.03 | 152.53 | 137.40 |
| Hogs | - 1.48 | 83.35 | 119.43 |
| Cotton | + 0.68 | 66.84 | 90.36 |
| Milk | - 0.17 | 16.21 | 22.55 |
| Crude Oil | + 0.30 | 59.69 | 101.50 |
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Comments: Grain futures gained on the week, led by wheat, which was propelled by a wave of short-covering and crop concerns, particularly excessive moisture in the southern Plains.
Wheat rallied more than 6% on Thursday, the biggest one-day climb in nearly three years.
Corn followed wheat but posted only a modest gain, with the strong start to the planting season limiting the upside.
Soybeans were lower, thanks mainly to the May 12 USDA supply and demand report, which projected 2015-16 U.S.
ending stocks at a burdensome 500 million bushels.
Cotton futures found their footing after recent losses and ended higher on the week, following a slightly friendly USDA report and concerns that the recent rains in West Texas may end up being too much of a good thing and disrupt planting.
Cattle futures pushed to their highest level in more than four months on Thursday, driven by futures' discount to cash and surging wholesale beef prices, but gave back much of the gains on Friday.
The Choice beef cutout hit a record high on Thursday but retreated on Friday, and could see further weakness as Memorial Day needs have been met.
For the week, Choice was still up $3.81.
Cash cattle emerged late Friday and was light, mostly at prices steady with a week ago.
Lean hog futures were strong early in the week but couldn't maintain the momentum and succumbed to profit-taking late in the week.
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