|
|||||||||||||||||
|
|||||||||||||||||
|
|
|
 |
|
 |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
Corn: Corn futures closed lower on Friday. The market traded higher this morning, but then turned lower amid good planting progress this week, especially in the western Corn Belt, and forecasts for a drier weather pattern into next week. Weakening cash basis levels also pressured the front end contracts. July ended 8 cents lower at $5.91 while December closed 5 3/4 cents lower at $6.16 3/4. Soybeans: Soybean futures were strongly higher on Friday. Reports that Argentine farmers would extend their strike in protest of soybean export taxes supported the market. This came after the sharp losses yesterday amid rumors that the export tax issues had been resolved. Strength in crude oil and weakness in the value of the dollar were also supportive factors. July ended 30 1/2 cents higher at $13.78 and Nov was 30 cents higher at $13.49 1/4. Wheat: Wheat futures were mixed on Friday as winter wheat ended higher and spring wheat lower. Spillover strength from soybeans and weakness in the dollar were supportive factors. However, forecasts for some favorable weather in the spring wheat belt and ideas of an increased world wheat crop put the MGE on the defensive. CBOT Jul was 4 cents higher at $7.75 1/2 and KCBT Jul was 2 3/4 cents higher at $8.24 1/4. MGE Jul fell 3 cents to $10.04 and Sep ended 8 cents lower at $8.64.
Cattle: Cattle futures closed lower on Friday. Traders were positioning ahead of the Cattle on Feed report that was released after the close. June fell 48 cents to close at $93.88 and October was 40 cents lower at $105.55. The report showed cattle on feed near pre-report expectations at down 1% from a year-ago. April placements were higher than expected at only down 2%, but April marketings were higher than expected at up 11% from a year-ago. Hogs: Lean hog prices started the day mostly higher on Friday, but they couldn’t hold onto the gains and most contracts closed lower. The strong prices early were related to short covering ahead of the weekend, but the weakness in the cash market weighed on trade. June closed 73 cents lower at $76.35. August ended 3 cents lower at $77.03. Cash Prices - May 15:
|
|
|
|
 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
 |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Vance Media Corporation 10901 W. 84th Terr. Lenexa, KS 66214 913-438-8700 |
|
