In the News

Weekly Commodity

Highlights

Courtesy of

Brock Associates

www.brockreport.com

Nearby Futures

Weekly change

Friday's

Close

Year

Ago

Corn

+2 ¼

5.00 ½

3.98

Soybeans

+44 ¼

12.87 ¼

7.21 ½

Wheat

+10

9.43

4.60 ¼

Cattle

-1.17

90.23

89.83

Hogs

+3.68

59.88

64.73

Cotton

+.27

68.16

53.57

Weekly Comments: Soybean futures posted solid gains last week on support from renewed commodity fund buying as further interest rate cut by the Federal Reserve Board boosted U.S. and world stock markets and eased recession fears. Wheat futures were also boosted by fund buying amid continued concerns about tight world supplies and spring wheat acreage. Corn futures struggled early in the week, but got a boost from soybean gains and another strong weekly export sales report. Live cattle futures came under renewed pressure from weak cash fundamentals including lower Plains cash cattle markets and lackluster beef demand. Lean hog futures rallied strongly on support from a seasonal cash market rally and active commodity fund buying in the deferred contracts spurred by high feed prices and strong world pork demand. Cotton futures held firm on support from easing economic concerns and strong grain and soybean prices.