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November 27, 2023
In the News
Entries for Agri Marketing's 2023 Product and NEW Product of the Year are now open. For more information click here. |
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.0275 | 4.8250 | 6.7125 |
| Soybeans | -0.0950 | 13.3075 | 14.3625 |
| Wheat | +0.0150 | 5.7725 | 7.9700 |
| Cattle | -5.83 | 170.97 | 155.12 |
| Hogs | -6.67 | 68.78 | 88.50 |
| Cotton | -0.52 | 80.99 | 80.18 |
| Milk | -0.29 | 16.35 | 20.31 |
| Crude Oil | -0.50 | 75.54 | 76.28 |
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Corn futures drifted lower last week in choppy pre-holiday trading as ample U.S. supplies continued to overshadow good demand. After rallying on Monday, soybean futures retreated under pressure from improved rainfall in Brazil's center-west and center-south growing belts and slower export demand for U.S. soybeans. Wheat futures were little changed on the week as pressure from large Black Sea wheat supplies and poor export demand for U.S. wheat continued to weigh on the market.
Livestock futures sold off sharply, with lean hog futures coming under further pressure from cash market weakness amid seasonally large supplies and demand concerns drive buy the pending implementation of California Proposition 12. Live cattle futures came under renewed pressure from concerns about large market-ready cattle supplies as feedlot marketings remained slow.
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