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August 22, 2022
In the News
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| Most Read Items From Prior Issue of |  |
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.1900 | 6.2325 | 5.5075 |
| Soybeans | -0.5025 | 14.0400 | 13.2000 |
| Wheat | -.5150 | 7.7100 | 7.4275 |
| Cattle | -0.75 | 145.25 | 128.15 |
| Hogs | -6.90 | 93.13 | 86.93 |
| Cotton | +7.42 | 116.01 | 92.76 |
| Milk | -0.07 | 19.73 | 17.11 |
| Crude Oil | -0.69 | 90.77 | 63.50 |
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Corn futures slid back under pressure from improved rains in parts of the U.S.
Corn Belt and milder temperatures.
A lack of fresh export demand also weighed on prices.
Soybean futures were pressured by U.S.
weather, USDA's larger-than-expected crop forecast and concerns about Chinese demand spurred by weak economic data out of China.
Prospects for record South American production in 2022/23 also weighed on futures.
Wheat futures suffered big losses under pressure from a variety of negative factors including poor export demand for U.S.
wheat, rising Ukrainian exports and a bumper Russian crop before rallying on Friday on speculative short covering.
Lean hog futures came under substantial pressure from technically-driven selling and ideas cash hog prices have topped out.
Negative packer operating margins and poor U.S.
pork export sales were bearish market factors.
Live cattle futures followed Plains cash markets higher with gains limited by pre-USDA report position evening.
Friday's Cattle-on-Feed report was somewhat bearish, pegging July feedlot placements and the Aug.
1 feedlot inventory above trade expectations.
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