July a Bad Month for Commodities

July a Bad Month for Commodities

The Bloomberg Commodity Index dropped roughly 10% for the month amid rising supplies and Chinese demand concerns -- the worst monthly performance since September 2011. Corn and soybean futures extended their price declines this week and there's more near-term downside risk given the fact funds are still net long. Wheat futures also finished July under pressure on concerns about the competitiveness of U.S. supplies on the global market. Live cattle enjoyed some post-report short-covering, but lean hog futures posted sharp losses on Friday as traders recognize seasonals are turning bearish.

We take a detailed look at the Cattle Inventory Report -- and much more -- in this week's newsletter.

Pro Farmer Editor Brian Grete highlights this week's newsletter below:

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Spell Check

Chappell, NE
8/1/2015 07:25 PM

  We have all year to be "concerned about the competitiveness of US wheat on the global market". Seems funny that "concern" would hack more than a dollar off the price in just three weeks during harvest doesn't it? Please stop trying to make lame excuses for what is obviously total bullshit.


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