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April 11, 2022
In the News
The next issue of Agri Marketing will include a listing of the largest Agricultural Marketing Communications Agencies. Forms to gather the data will be e-mailed later this week.
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | +0.3900 | 7.6075 | 5.6200 |
| Soybeans | +1.0625 | 16.8900 | 14.1525 |
| Wheat | +0.7400 | 10.5825 | 6.3050 |
| Cattle | -2.03 | 133.83 | 125.03 |
| Hogs | -5.88 | 114.58 | 108.70 |
| Cotton | -2.14 | 132.41 | 81.41 |
| Milk | +0.27 | 24.82 | 19.40 |
| Crude Oil | -1.30 | 97.97 | 59.60 |
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Grain and soybean futures were mostly higher on the week, making new contract or multi-week highs.
Corn was boosted by a Midwest weather outlook that will keep traders nervous about plantings, particularly with ongoing questions about fertilizer prices and availability.
Friday's USDA report offered no surprises and was at best neutral for the market, but prices still climbed after the report.
Soybeans also gained after the report, which cut projected U.S.
carryout by 25 million bushels on increased demand.
Wheat futures made new multi-week highs.
Wheat and the grains complex generally is supported not just by expectations of decreased Ukrainian production, but challenges to getting supplies out of the country as Black Sea ports are blocked and infrastructure in the western part of the country is lacking.
Wheat also has support from severe drought in the western Plains.
Cotton futures were mixed: old-crop contracts fell sharply amid lousy export demand, but new-crop December cotton soared to new contract highs, with support from extreme drought in West Texas as well as wet conditions in parts of the South.
Crude oil futures fell sharply, pressured by demand concerns as motorists balk at high gas prices and economic lockdowns in China, particularly Shanghai, intensify.
In the livestock complex, summer-month lean hog futures came under heavy pressure to start the week from speculative profit taking on long positions apparently spurred by their wide premiums to a softening cash market.
But weakness in back-end futures was limited by expectations for continued declines in production, and Dec.
and Feb.
futures ended the week not far off recent contract highs.
Wholesale pork values were volatile, but ultimately weaker.
Live cattle futures came under further pressure early in the week due to demand concerns and technically-driven long liquidation.
Plains cash fed cattle trade was firm on the week.
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