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July 13, 2020
In the News
The next issue of Agri Marketing will include the Best of NAMA winners! To schedule your organization's ad, contact Audrey Evans at AudreyE@AgriMarketing.com
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ADVERTISEMENT
Virtually the Best
Farmers spoke and we listened — hands-down they want to experience Farm Progress Show and Husker Harvest Days.
Farmers and exhibitors know what moves their businesses ahead, and these two shows draw the industry together unlike any other events.
This year, it will be a virtual experience as only Farm Progress can deliver an event with the best farmer-rancher-producer audiences.
Beyond the glitter, Farm Progress Show and Husker Harvest Days set the pace for world-class farm events, and exhibitors know the ROI these in-person venues consistently deliver.
Exhibitors will have one-on-one access to ag producers with the most desirable demographic profiles leveraging FPS and HHD attendees within our virtual event.
Read More
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.0625 | 3.3725 | 4.3500 |
| Soybeans | -0.0600 | 8.9075 | 9.1275 |
| Wheat | +0.4200 | 5.3400 | 5.0475 |
| Cattle | +0.60 | 100.00 | 107.63 |
| Hogs | +0.68 | 49.88 | 81.73 |
| Cotton | +1.36 | 64.31 | 63.82 |
| Milk | +2.09 | 23.04 | 17.75 |
| Crude Oil | -0.10 | 40.55 | 60.43 |
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Grain and soybean futures were mixed, with corn and soybean futures fading late in the week.
Corn collapsed on Friday in the wake of USDA's monthly Supply and Demand report, even though the report merely confirmed trade expectations.
The corn market's recent weather-led rally may have run out of bullish news, as what seemed like a dire forecast at the start of the week turned more favorable, with regular showers and thunderstorms in parts of the Corn Belt.
While many areas of the Corn Belt dried out significantly in recent weeks, subsoil moisture remains good and crops in Iowa, Minnesota and Nebraska in particular look strong.
The corn market failed to get a boost Friday from an export sale of 1.365 million metric tons to China.
Soybeans were pressured late in the week by corn and by comments from President Trump indicating that a "Phase 2" trade deal with China was not on the horizon.
Wheat futures surged, particularly in Chicago, with support from declining crop expectations globally, including in Russia and Argentina.
Chinese buying of U.S.
wheat was also supportive late in the week.
Cotton futures were supported by intense heat and dryness in West Texas.
In the livestock complex, live cattle futures rose for a second straight week on support from signs of an improving U.S.
economy and indications Plains cash cattle markets may have bottomed out.
However, futures generally remain locked in narrow sideways trading ranges with continued large supplies of heavyweight cattle and uncertainty about demand due to the spike in U.S.
Covid-19 cases limiting the upside.
In lean hogs, nearby futures contracts managed to chart modest gains for a second straight week on support from signs of improving pork demand, firmer cash hog markets and technical buying.
However, futures struggled to gain upward momentum amid continued large supplies of heavyweight hogs.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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