In the News

The next issue of Agri Marketing will include the annual listing of Ag & Rural Shows. To schedule your organization's ad contact Audrey Evans: AudreyE@AgriMarketing.com; 515/954-8589.

WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-0.2625	3.5775	3.8725
Soybeans	-0.3450	9.0450	11.245
Wheat	0.0550	4.5975	4.5425
Cattle	-2.50	119.20	116.75
Hogs	2.97	85.30	84.28
Cotton	0.77	72.65	64.88
Milk	0.02	16.35	13.24
Crude Oil	-1.96	43.01	50.11

Corn futures last week suffered their largest weekly losses in roughly a year, while soybean futures charted their largest weekly losses since December. Favorable weather in the U.S. Corn Belt and technical weakness drove active commodity fund selling. Large old-crop stocks in the U.S. and bumper crops in South America also kept pressure on prices. Chicago soft red winter wheat futures reached a one-year high, but fell back under pressure from harvest activity, corn market weakness and prospects for the heatwave in western Europe to break. Minneapolis spring wheat futures on the other hand pushed to 2-1/2 year highs on rising crop concerns. Nearby cotton futures rose on support from short covering, but new-crop Dec. futures continued to plunge under pressure from larger U.S. crop prospects.
In the livestock markets, nearby lean hog futures tracked the CME cash hog index higher, but deferred contracts came under pressure from fund long liquidation and ideas a cash market top was near. Live cattle futures continued to plunge on active commodity fund liquidation as Plains cash live cattle prices plummeted by $7-$14 on the week and wholesale beef prices retreated.
Click on the Brock logo or call 1-800-558-3431 for more info on our services.