In the News

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The New U.S. Soybean Federation's President Disappointed in ASA's Attempt to Discredit New Organization
American Soybean Association Calls Formation of U.S. Soybean Federation Radical and Illogical
Formation of U.S. Soybean Federation Announced
USDA Secretary Schafer Recommends Inspector General Audit and Investigation of National Soybean Checkoff

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.01 ½	4.10 ¾	4.77 ¼
Soybeans	+ .67 ½	10.37 ½	12.49
Wheat	+ .19 ¼	6.29 ½	8.89 ½
Cattle	-4.00	83.10	93.28
Hogs	-1. 40	62.45	56.53
Cotton	+ .41	49.32	69.02

Comments: Grain and soybean futures trade grew more volatile last week as overbought conditions and renewed worries about the health of the general economy spurred speculative profit taking on long positions. However, soybean futures wound up posting further large gains on support from dry conditions in Argentina and continued strong Chinese buying of U.S. soybeans. Demand worries kept a lid on corn prices, but wheat futures were boosted by technical buying and expectations for USDA to report a drop in U.S. winter wheat seedings. Live cattle futures fell victim to renewed worries about beef demand spurred by bearish U.S. employment data. Hog futures were also pressured by demand concerns despite stronger cash hog and wholesale pork prices. Click on the Brock logo or call 1-800-558-3431 for more info on our services.