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December 15, 2008

In the News

The next issue of AgriMarketing will feature special Focus Reports on Ag Consulting Services, Canadian update, Direct/Relationship Marketing and Electronic Media. For more information on advertising, contact Judy Knoll at 636/728-1428 ext 2001; e-mail: JudyK@AgriMarketing.com





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn + .64 ¼ 3.73 ½ 4.33 ¼
Soybeans + .70 ½ 7.83 ½ 11.51 ½
Wheat + .37 ½ 5.13 9.40 ½
Cattle + 1.78 83.33 93.53
Hogs - 1.92 62.38 61.75
Cotton + 4.10 43.43 65.25
Comments: Grain and soybean futures rebounded strongly last week on speculative short covering spurred largely by stronger crude oil prices and significant weakness in the value of the dollar. Private estimates calling for U.S. corn acres to be down provided a further strong boost for corn futures on Friday. Soybean futures found fundamental support from continued strong U.S. export sales and uncertainty about South American production. Wheat futures rode the coattails of corn futures higher despite further bearish fundamental news. Live cattle futures were boosted by profit taking spurred by oversold conditions and futures' discount to cash, while hog futures were pressured by seasonal weakness in pork prices and technical selling. Cotton futures found good support from higher grain prices and the weak dollar. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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