|
|
|
|
|
|
August 31, 2020
In the News
The next issue of Agri Marketing will include an update on Farm Broadcasting and marketing to Fruit & Vegetable growers. To schedule your organization's ad contact Audrey Evans: AudreyE@AgriMarketing.com; 515/954-8589.
|
|
|
|
ADVERTISEMENT
Millennial Multiplier
Expand your reach into the next generation of farm owners and operators who are available to you today via Farm Progress developed audiences.
Millennials will manage production of most of the world’s food, renewable fuel and fiber — our next greatest farming generation.
We're meeting their specialized information needs in our magazines, online and through an e-newsletter, NewGen Farmer, edited specifically for these key producers.
You can reach this audience with our NewGen Farmer newsletter — it's all about engagement! Readership has been excellent and grows with each edition.
Read More
|
|
|
|
 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +0.1875 | 3.5925 | 3.7100 |
| Soybeans | +0.4575 | 9.5050 | 8.6575 |
| Wheat | +0.1375 | 5.4875 | 4.7525 |
| Cattle | -3.65 | 104.90 | 99.20 |
| Hogs | -0.60 | 53.65 | 63.50 |
| Cotton | +0.80 | 65.08 | 58.73 |
| Milk | +0.56 | 15.69 | 17.47 |
| Crude Oil | +0.63 | 42.97 | 55.78 |
|
Grain and oilseed futures surged, led by soybeans which rallied to their highest level since January.
The bean market had support from ongoing concerns about dry conditions in Iowa and other parts of the western Midwest, and sharp gains in soymeal futures late in the week.
Bullish attitudes about Chinese demand also continued to boost prices, even though USDA made no fresh soybean export sales late in the week.
A sharp drop in corn and soybean crop ratings in Monday's Crop Progress report, particularly in Iowa, helped set the stage for a strong week.
Corn rallied to multi-week highs, with added support from an ongoing surge in export sales to China.
With the 2020-21 marketing year starting Sept.
1, advance export sales are well ahead of the recent average.
Wheat futures climbed to a four-month high in Chicago on support from corn, deteriorating crop estimates from Europe and uncertainty about U.S.
winter wheat planting conditions.
Cotton futures were up on the week, surging to a six-month high on Tuesday before trimming gains.
Rice was also higher, with support from concerns about Hurricane Laura and it's impact on the Mid-South crop.
While Hurricane Laura did have some impact on rice production, the petroleum industry on the Gulf Coast dodged a bullet, and crude oil futures remain in a sideway pattern.
Live cattle futures took a beating as the market reacted to the Aug.
21 Cattle on Feed report, weaker cash markets and signs of a seasonal high in the wholesale beef market.
October live cattle slid to their lowest level in a month.
Most Plains cash cattle trade was down $1 to $1.50 from the prior week, as packers had already covered a large chunk of their slaughter needs.
Futures' premiums to a toppy cash cattle market encouraged hedge selling and speculative long liquidation during the week.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
