|
|
|
|
|
|
November 8, 2021
In the News
The next issue of Agri Marketing will include salutes to Wyffels Hybrids on its 75th anniversary and G & S Business Communications on its 50th!
|
|
|
|
ADVERTISEMENT
Stay Agile and Connected
When you can't hold your regular in-person customer events, we are ready to keep you connected.
Your marketing goals can stay on track with our Virtual Event services that will keep you in touch with your customers and lead to sustained and new sales opportunities.
The Virtual Event services, already popular with many marketers from audience development to online video session execution, can be expertly produced live for you by Farm Progress and its Informa Markets Digital Event Team.
Read More
|
|
|
|
 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.1525 | 5.5300 | 4.0925 |
| Soybeans | -0.4400 | 12.0550 | 11.0375 |
| Wheat | -0.0625 | 7.6650 | 6.0925 |
| Cattle | +2.53 | 131.80 | 108.35 |
| Hogs | +0.47 | 76.55 | 67.43 |
| Cotton | +2.02 | 116.87 | 70.07 |
| Milk | -0.90 | 17.56 | 19.42 |
| Crude Oil | -2.22 | 81.35 | 38.79 |
|
Soybean futures led the way lower in a bearish week for most of the grain and oilseed complex.
Soybeans were pressured by technically-driven selling, expectations for USDA to raise its U.S.
crop and carryout forecasts in its Nov.
9 Supply/Demand report, and favorable South American weather.
A lack of fresh export demand news also weighed on the complex.
Corn was pulled lower by the soybeans.
Improved U.S.
harvest weather was a negative factor for the complex, as were growing expectations for large Brazilian crops this year.
Traders are trying to gauge the potential for a big shift away from corn acres in 2022 and toward soybeans.
At this stage, the economics still favor corn in most areas despite fertilizer prices soaring to record highs.
However, a big question mark is not how much fertilizer will cost in the spring, but whether it is available at all.
Fertilizer company CEOs said they expected demand and prices to remain high well into 2022.
Wheat prices retreated from recent highs despite concern about hard red winter wheat conditions as winter approaches.
Cotton futures rallied, though they remain well off their contract highs.
Crude oil futures were lower on a larger-than-expected weekly supply build, and expectations for increased U.S.
production.
In the livestock complex, live cattle futures were higher amid firm cash markets, strong packer margins and optimism about the economy following a strong monthly jobs report on Friday that showed the economy starting to recover from the impact of the Delta variant.
Feedlots appeared to win a standoff with packers in Plains cash markets.
Lean hog futures were higher, driven by surging wholesale pork values, particularly in the first half of the week.
Packer margins are robust for both beef and pork.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
