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August 3, 2020
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.
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ADVERTISEMENT
Focus on the BestThe Farm Progress Virtual Experience, powered by Farm Progress Show and Husker Harvest Days, is an online event set for Sept.
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.0800 | 3.2700 | 4.1000 |
| Soybeans | -0.0675 | 8.9250 | 8.8150 |
| Wheat | -0.0825 | 5.3125 | 4.8725 |
| Cattle | 2.78 | 107.88 | 107.65 |
| Hogs | -0.52 | 49.63 | 71.00 |
| Cotton | 2.56 | 62.66 | 63.84 |
| Milk | -0.72 | 21.03 | 17.25 |
| Crude Oil | -1.02 | 40.27 | 58.58 |
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Corn futures came under pressure last week from rising U.S.
crop expectations spurred by a better-than-expected weekly crop rating from USDA and mild Midwest weather.
Losses were limited, though, by increased demand as U.S.
ethanol production continued to recover, and USDA announced the largest-ever export single sale of U.S.
corn to China on Thursday at 1.937 million metric tons.
CBOT soybean futures were also pressured by better-than-expected U.S.
crop ratings, but losses were limited by continued support from Chinese demand.
Wheat futures spent the week chopping sideways in a consolidation pattern as pressure from the U.S.
harvest and large world supplies was offset by good weekly export sales and hopes a weakening U.S.
dollar would boost export demand.
Cotton futures rallied on apparent U.S.
crop concerns spurred by drought in West Texas and tropical storm Isaias.
Lean hog futures fell back last week under pressure from continued large hog supplies and weakening wholesale pork prices.
U.S.-China tensions also likely contributed to rising fears pork demand would not be strong enough to handle seasonally large production this autumn.
Cattle futures fell sharply on Monday after USDA reports confirmed large market-ready cattle supplies, but rallied the remainder of the week, hitting their highest levels since March on stronger cash market trade and prospects for supplies to tighten by the fourth quarter.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
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