|
|
|
|
|
|
February 8, 2021
In the News
Pioneer brand Qrome products named Agri Marketing magazine's 2020 Product of the Year. Syngenta's Saltro fungicide is named NEW POY. To schedule your congratulatory ad in next issue, contact Audrey Evans at AudreyE@AgriMarketing.com
|
|
|
|
ADVERTISEMENT
Homegrown Local
Grow your producer connections when you engage with Farm Progress state and regional audiences.
Local means relevant — relevancy breeds engagement.
Our staff editors situated across the country deliver regionally tailored ag production content.
Farm Progress and Farm Press state and regional branded content includes magazines, websites, apps and e-newsletters.
Soils are different.
Moisture, growing season — so many variables influence our coast-to-coast readers' and users' production decisions.
As readers tell us over and over — local production information is the most useful.
Since 1841, we've followed this guiding principle and continue to deliver the insights producers want and need.
Read More
|
|
|
|
 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +0.0150 | 5.4850 | 3.8075 |
| Soybeans | -0.0325 | 13.6675 | 8.8000 |
| Wheat | -0.2175 | 6.4125 | 5.6200 |
| Cattle | +1.93 | 123.78 | 119.18 |
| Hogs | +1.18 | 70.98 | 61.88 |
| Cotton | +2.10 | 82.74 | 67.51 |
| Milk | 0.00 | 16.64 | 17.06 |
| Crude Oil | +4.81 | 57.01 | 50.75 |
|
Grain and soybean futures were mixed on the week, with a general lack of direction as traders looked ahead to the Feb.
9 USDA report.
Front-month March corn futures made a new contract high and a 7 1/2 -year high on a front-month basis, but there was little follow-through as the huge corn-buying spree by China the prior week faded.
There was still some fresh corn export demand, however, and the trade is expecting USDA to hike projected corn exports considerably.
USDA is also expected to tighten a soybean balance sheet that is already very tight.
South American weather looks mostly benign, as concerns fade about dryness in Argentina and excessive rains in Brazil delaying the soybean harvest there.
Wheat was lower amid generally favorable global crop conditions.
Cotton futures soared to new contract highs and a 2 1/2 -year high on a front-month basis, with support from Chinese demand as well as crude oil prices that broke out to a new 13-month high.
Uneasiness over global food security is helping to underpin grain and oilseed prices, as various countries enact or consider export restrictions to ensure their own food supply.
In the livestock complex, lean hog futures surged throughout the week, making new contract highs amid solid demand and strong wholesale pork values.
The market has support from growing concerns about disease in China, including African swine fever, which could slow the strong rebound in the hog herd there.
Live cattle futures also gained, supported by expectations of stronger Plains cash trade.
Cattle prices also had some underlying support from a prolonged Arctic blast of air that is gripping the Corn Belt and most of the Plains, and from optimism about the U.S.
economy as vaccine distribution picks up and the number of new coronavirus cases declines.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
