|
|
|
|
|
|
September 8, 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
Register and Reap
Powered by Farm Progress Show and Husker Harvest Days, the Farm Progress Virtual Experience is the NEW online event set for Sept.
15-17.
Are you registered? If not, register now here.
Don't miss the industry's most exciting virtual event with the scale and industry support that only Farm Progress can produce!
Our phenomenal content lineup, exhibitor sponsor opportunities and marketing outreach – all part of this exciting event!
Read More
|
|
|
|
 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.0125 | 3.5800 | 3.5850 |
| Soybeans | +0.1750 | 9.6800 | 8.7550 |
| Wheat | +0.0150 | 5.5025 | 4.6075 |
| Cattle | -0.45 | 104.45 | 99.03 |
| Hogs | +6.18 | 59.83 | 67.13 |
| Cotton | -0.09 | 64.99 | 58.21 |
| Milk | +1.29 | 18.93 | 17.57 |
| Crude Oil | -3.44 | 39.53 | 56.26 |
|
Grain and soybean futures were mixed on the week with soybeans showing the most strength on deteriorating U.S.
crop prospects and more Chinese buying.
Through Friday, most soybean contracts had settled higher 10 straight sessions, as the market rallied to an eight-month high.
Dryness in the western Corn Belt, particularly western Iowa, has helped drive down soybean crop expectations.
Meanwhile China remained an active buyer of U.S.
beans.
China also continues to buy U.S.
corn, amid concerns about flooding affecting Chinese supplies.
Corn bulls struggled to gain traction however, as dryness should not have as much of an impact on corn as on soybeans.
Also the bullish China demand story for corn is partially offset by lackluster ethanol demand.
Wheat futures held on to modest gains for the week, but ended the week well off four-month highs.
Large world supplies and forecasts calling for much-needed rain in the central and southern Plains weighed on wheat prices.
Grains traders are now looking ahead to Friday's USDA crop report.
Outside financial markets could become a negative factor for grains, as the U.S.
dollar rallied strongly off a two-year low and crude oil finally broke out of its summer sideways trading range, dropping below $40.
In the livestock complex, lean hog futures rallied on support from strengthening cash hog and wholesale pork prices.
Front-end futures broke out to new five-month highs on Thursday on added support from a big weekly pork export sales total as China's weekly purchases of U.S.
pork surged.
The pork carcass cutout value jumped on a big increase in the ham component.
Live cattle futures remained under pressure from weaker cash cattle trade, seasonal beef market weakness and technically-driven selling.
Nearby contracts hit seven-week lows on Wednesday before stabilizing on prospects for steady-higher cash trade next week.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
