In the News

The next issue of Agri Marketing will include the annual Farm Show Directory. To schedule your show's ad contact Audrey Evans at AudreyE@AgriMarketing.com.

John Deere Acquires Bear Flag Robotics To Accelerate Autonomous Technology On The Farm
Cargill, Continental Grain Co. To Acquire Sanderson Farms--Will Create A Leading U.S. Poultry Company
Gowan Takes Isagro S.P.A Private, Begins Integration Into Gowan
AAEA-The Ag Communicators Network Announces Its 2021 MarComm Award Winners

Most Read Items From Prior Issue of

1st Half: Bayer's Sales Up 7%, Earnings Down 8%

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WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+0.1125	5.5650	3.2375
Soybeans	-0.1250	13.3675	8.7800
Wheat	+0.1525	7.1900	5.0125
Cattle	+0.67	127.88	106.98
Hogs	-0.43	87.60	49.20
Cotton	+2.31	91.70	64.85
Milk	-0.29	16.00	19.81
Crude Oil	-5.89	68.06	41.95

Grain and oilseed futures were mixed on the week, with soybeans slipping early in the week before finishing strongly. U.S. crop concerns are unlikely to disappear over the next 2-to-3 weeks as the soybean crop goes through its key growing period and drought persists across the western Corn Belt and northern Plains. Chinese buyers, who have been largely absent from the U.S. soybean market since late June appear to be back right now, although to what extent is not clear. USDA reported fresh soybean export sales Thursday and Friday. Corn continued to chop around in a narrow consolidation pattern during the week. Wheat was firm, boosted by optimism that reduced crops in eastern Europe and Russia will help boost U.S. export demand, and by the devastation to North American spring wheat production caused by drought. Cotton futures rallied steadily early in the week, and the rally accelerated late with fresh contract highs. Crude oil futures plummeted on worries about driving demand as the Delta variant continues to spread in the U.S. The monthly jobs report for July was bullish, but the question is whether Covid starts to halt the economic recovery.

In the livestock complex, live cattle futures held firm on support from firm cash market fundamentals, including surging wholesale beef prices, despite some new demand concerns spurred by the Delta variant. Plains cash live cattle markets looked firm on what appeared to be moderate movement. Packer operating margins are looking very strong again. Lean hog futures had a very choppy week, finding early support from their discounts to cash, then collapsing on Thursday after wholesale pork prices tumbled at midweek, only to firm up on Friday. Expectations for seasonally increasing hog supplies weighed on prices. Wholesale pork values continue to be supported by reduced production.

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