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March 28, 2016
In the News
The next issue of Agri Marketing will feature the Best of NAMA winners! To schedule your organization's ad, please contact Audrey Evans at AudreyE@AgriMarketing.com or call 515-954-8589.
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | 0.0300 | 3.7000 | 3.9500 | | Soybeans | 0.1300 | 9.1050 | 9.7875 | | Wheat | 0.0000 | 4.6300 | 5.1900 | | Cattle | -3.97 | 135.85 | 161.72 | | Hogs | -1.82 | 69,63 | 59.83 | | Cotton | 0.56 | 57,72 | 63.16 | | Milk | -0.06 | 13.77 | 15.55 | | Crude Oil | -1.68 | 39.46 | 49,.21 | | Corn futures managed modest gains during a trading week that was shortened by the Good Friday market holiday.
Price support for corn came from soybean price strength, continued uncertainty about planting weather and friendly weekly ethanol production, while buying interest continued to be limited by large U.S.
supplies and expectations for larger U.S.
plantings this spring.
Soybean futures continued to move higher even though overbought technical indicators slowed buying interest.
Price support came technically-driven short covering/buying, indications of good export demand and uncertainty about U.S.
planting intentions.
Wheat futures were flat in choppy trading as concerns about possible freeze damage to the U.S.
winter wheat crop were offset by continued slow export demand and beneficial precipitation in the U.S.
central Plains.
Cotton futures edged higher on the week, but traded very narrow ranges amid a lack of fresh fundamental news.
Livestock futures struggled last week amid some demand concerns and cash market softness.
Live cattle futures were pressured by a drop in wholesale beef prices and weaker packer operating margins.
Plains cash live cattle prices slipped about $3 per head as packer needs were limited by Easter Monday plant closures.
Feeder cattle futures declined with the live cattle, also seeing some pressure from firm corn prices.
Lean hog futures dipped under pressure from position evening ahead of Friday's USDA Hogs and Pigs report and slack pork demand heading into the holiday.
Friday's USDA report was supportive for hog prices, however, showing very little expansion of the U.S.
herd and pegging June-August farrowing intentions 3.5% below a year earlier.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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