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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.30 ¼	3.45 ¼	7.45
Soybeans	+.73 ½	12.25	15.74 ¼
Wheat	-.46 ½	5.00 ¼	9.24
Cattle	+2.35	84.50	98.00
Hogs	+1.15	59.00	73.25
Cotton	+6.65	56.80	71.09

Comments: Grain futures continue to pull back from June highs. The corn market was surprised to see an increase in USDA's plantings estimate of roughly two million acres from the initial estimate released in March. The trade was looking for cut in corn plantings of roughly a million acres, so this was a three-million-acre swing. Most of the additional corn plantings came from land farmers were undecided on in early March. Soybean planted acreage is record large this year at nearly 77.5 million acres, but the market was braced for an even larger increase in the June Acreage Report. Favorable weather is also tugging at prices. Commodity trading funds have turned bearish in reaction to technical signs of a major top and “outside” market influences that suggest we're heading into a period of deflation; not inflation. Click on the Brock logo or call 1-800-558-3431 for more info on our services.