|
|
|
|
|
|
July 22, 2019
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.
|
|
|
|
ADVERTISEMENT
Rev up your ROI with Farm Progress events
Two events that take your products and branding into stratospheric customer experiences: Farm Progress Show and Husker Harvest Days.
Read More
|
|
|
|
 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.2350 | 4.3575 | 3.6500 |
| Soybeans | -0.1225 | 9.1925 | 8.6150 |
| Wheat | -0.2050 | 5.0250 | 5.0425 |
| Cattle | -0.88 | 107.60 | 108.90 |
| Hogs | +3.22 | 83.88 | 67.25 |
| Cotton | +0.39 | 63.07 | 87.55 |
| Milk | +0.09 | 17.64 | 14.84 |
| Crude Oil | -4.40 | 55.81 | 69.46 |
|
Grain and soybean futures were down on the week, with sharp losses in corn and wheat in particular.
While concerns about U.S.
crop potential are high, they continue to be partly offset by demand concerns.
Export demand for U.S.
corn remains sluggish amid stiff competition from South American supplies and ethanol producers are expected to curtail production in coming weeks due to weak margins and oversupply.
Meanwhile concerns early in the week about a stretch of very hot and dry weather in the Midwest faded as the week wore on and many areas saw more rain than expected.
The grain and oilseeds complex rebounded some on Friday amid rumors of Chinese buying, but there has so far been no confirmation of such buying.
And the weather forecast for the Midwest over the next week looks generally favorable, although not ideal.
Cotton futures ended the week higher on the China rumors, with the upside limited by a generally favorable crop outlook.
Crude oil futures tumbled amid speculative selling, as traders shrugged off rising tensions between Iran and the U.S.
In the livestock complex, live cattle futures were down on the week as traders awaited what proved to be an uneventful Cattle on Feed report.
Analysts were dead on in their Cattle on Feed outlook, as USDA's numbers came in virtually identical to the average survey estimate for marketings, placements and feedlot inventory.
Marketings were 97% of a year ago, placements were 98% of a year ago, and total cattle on feed were 102% of a year ago.
Plains cash trade was largely steady on the week.
Lean hog futures surged on tightening hog supplies along with stronger cash hog and wholesale pork values.
The rally was fed in part by optimism about demand from China.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
