Ag Report: Commodity Market Activity
The most recent week in commodity trading saw some volatility. But prices pretty much ended up were they started.
The biggest movement was a significant drop in soybeans. This was fueled by political issues in Brazil, causing their currency to fall against our dollar. This was unfriendly for the United States export business.
This was offset by a lift to the grain market over concerns about the US crop. Also no continued concerns over Brazil on Friday allowed the grain prices to recover.
The crop concerns focused on the wet situation in the Midwest, and the possibilities of some replanting and even crop health in some states.
Live cattle futures fell sharply early in the week and never completely recovered.
WEEKLY COMMODITY HIGHLIGHTS
Source: Brock Associates