Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | - .05 | 3.60 | 4.76 ¾ |
| Soybeans | - .14 ¼ | 9.24 ¼ | 15.18 ¾ |
| Wheat | - .06 ¾ | 5.15 ¼ | 6.59 ¼ |
| Cattle | - 0.25 | 152.13 | 137.60 |
| Hogs | - 0.05 | 83.76 | 117.60 |
| Cotton | - 0.43 | 63.30 | 87.78 |
| Milk | - 0.01 | 16.22 | 22.59 |
| Crude Oil | - 1.00 | 59.72 | 103.74 |
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Comments: Commodities across the board were weaker last week, pressured by a stronger dollar and technical selling.
For grains and soybeans, generally favorable weather weighed on prices.
Soybean contracts broke to new contract lows, and to the lowest price for spot-month soybeans since October.
That helped keep corn on the defensive.
With most of the corn crop planted and longer-range forecasts not showing any significant threat of a heat wave or drought, weather concerns for the market are mostly limited to wetness in the southwest Corn Belt, including eastern Kansas and Missouri.
Soggy conditions and saturated soils are also fueling concerns about the wheat crop in the southern Plains.
However, lackluster export demand and ample world supplies are preventing a rally in wheat.
Live cattle futures traded a narrow range and ended slightly lower for the week, consolidating after hitting four-month highs the prior week.
The market lacked direction from wholesale beef prices, which were choppy, and from cash cattle trade, which was mixed.
Friday's Cattle on Feed report was a little friendly, showing placement were down 4.6% from a year ago, versus a 0.9% gain expected.
Feedlot inventories were up from a year ago but slightly lower than expected.
Lean hog futures were slightly lower on the week despite continued gains in wholesale pork values.
Friday's cold storage report showed that pork supplies are ample.
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