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August 3, 2009

In the News

The next issue of Agri Marketing will feature focus reports on marketing to the rural lifestyle consumer and fruit and vegetable producers. For more info, contact Judy Knoll at 636/728-1428, ext. 2002; JudyK@AgriMarketing.com





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.23 ¼ 3.39 ½ 5.87 ¼
Soybeans +1.13 11.34 13.94 ¾
Wheat +.12 5.28 ¼ 7.94
Cattle +.17 84.70 98.40
Hogs -3.02 56.03 79.63
Cotton +0.54 57.93 71.65
Comments: Soybean futures had a big week, surging sharply higher out of a 3-week trading range on Thursday amid continued strong export demand, rising weather concerns and a weak dollar. A 1.92-million-metric-ton sale of U.S. soybeans to China helped trigger the rally along with forecasts for hotter weather to move into the Midwest. Corn futures followed soybean prices higher with help from continued good export demand. Wheat futures were also pulled higher by the soybean market despite a lack of supportive fundamental news. Livestock futures continued to struggle, with lean hog futures pressured again by weak pork demand and anticipation of seasonal cash market weakness. Cotton futures rebounded on fund buying as the weak dollar spurred inflation fears. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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