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August 24, 2009

In the News

Nominations for Agri Marketing's 2009 "Product of the Year" are now open. For more information, see: http://www.agrimarketing.com/prodyearentry.pdf Updates on ag/rural broadcasting and market research will run in the next issue. For more info, contact Judy Knoll at 636/728-1428 x2002; JudyK@AgriMarketing.com





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.02 ½ 3.21 ¾ 5.97 ¾
Soybeans -.01 ½ 10.23 13.41
Wheat -.20 ½ 4.60 ¼ 8.97 ¼
Cattle +.35 85.00 101.45
Hogs +3.20 47.85 74.78
Cotton -2.76 56.45 67.53
Comments: Corn and soybean futures ended the week little changed after recovering from sharp Monday losses on support from good export demand and concerns about slow crop development. Lower prices sparked active Chinese buying of U.S. soybeans. Wheat futures fell further under pressure from ample supplies and soft export demand for U.S. wheat. The CFTC's action to revoke agricultural futures position limit exemptions for two fund operators also weighed on prices. Live cattle futures were supported by stronger cash markets and firm wholesale beef prices as cattle supplies continued to tighten. Lean hog futures rallied on speculative short covering as cash hog and pork prices showed signs of stabilizing. Cotton futures turned lower under pressure from technically-driven profit taking and slowing export demand. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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