|
|
|
|
|
|
|
January 2, 2019
In the News
Coming soon: 2019 Agri Marketing Services Guide. To schedule your organization's ad, contact Audrey Evans at Audreye@AgriMarketing.com or call her at 515-954-8589.
|
 |
Leading in Uncertain Times – NAMA’s Next Webinar
June 19 is the date for our next webinar. Information and registration are available
here.
New to Marketing or New to Ag?
Then you need to join us for NAMA Boot Camp, August 6-8 in Kansas City. Details and registration information
here. |
|
|
|
|
|
|
 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.0300 | 3.7550 | 3.5200 |
| Soybeans | -0.0200 | 8.8275 | 9.4575 |
| Wheat | -0.0250 | 5.1150 | 4.2775 |
| Cattle | +1.47 | 124.18 | 122.25 |
| Hogs | -0.48 | 60.65 | 71.55 |
| Cotton | -0.99 | 72.19 | 78.80 |
| Milk | +0.13 | 14.41 | 14.07 |
| Crude Oil | -0.26 | 45.33 | 59.84 |
|
Grain and soybean futures ended slightly lower in a quiet week of holiday trade.
Corn was pressued by demand concerns, including disappointing ethanol demand, which is not likely to go away in the near-term with producers still struggling with poor margins.
Export demand has been a supportive factor for corn prices, but the market is in the dark as to recent sales with USDA not reporting anything, which has created uncertainty.
In addition to the uncertainty, the federal government shutdown over border wall funding also added to pessimism about the global economy.
Soybeans got a lift late in the week by news that China was open to U.S.
rice exports for the first time, a hopeful sign for trade relations.
The soy market also was underpinned by deteriorating conditions in parts of South America, particularly southern Brazil.
Cotton futures extended their slide, falling on weak demand and soft crude oil prices.
Nearby cotton futures posted their lowest weekly close in more than a year.
Cotton ended down more than six cents on the year, with most of that damage being done in December.
Front-month corn futures gained 24 cents in 2018, while Chicago wheat was up 76 cents and soybeans were down 69 cents.
In the livestock complex, live cattle futures rallied, making new contract highs in February and April on a winter storm in the Plains, cash market expectations and technical buying.
Narrowing beef packer margins may have limited the market's upside, along with growing unease about the stock market and the global economy.
Lean hog futures were down on the week.
Nearby February lean hogs posted their lowest weekly close in seven weeks.
Strong pork packer margins still figure to promote increased competition for hog supplies as they shrink seasonally through winter and spring.
However, continued U.S.
herd expansion should ensure that supplies continue to set new record highs.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
