In the News

The next issue of Agri Marketing will feature focus reports on selling to beef producers and an update on Direct/Relationship Marketing. To schedule your ad, contact Judy Knoll at 636/728-1428 ext 2002; JudyK@AgriMarketing.com. Follow Agri Marketing on Twitter at: http://twitter.com/AgriMarketing

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.56	4.65 ¾	3.40 ½
Soybeans	-.69	10.57	9.18
Wheat	-.65	6.55	4.52 ¾
Cattle	-.08	95.95	84.10
Hogs	-2.65	76.38	49.43
Cotton	-1.33	99.97	59.84
Milk	-.10	16.48	12.72
Crude Oil	+5.09	81.58	70.82

Comments: Corn and soybean futures charted major bearish reversals last week as massive commodity fund long liquidation pressured prices sharply lower in volatile trading. Quarter-end position evening by funds weighed on futures much of the week and Thursday's USDA Quarterly Grain Stocks Report set the stage for a very bearish finish. USDA pegged Sept. 1 corn stocks 322 million bushels above its previous 2009-10 ending stocks estimate, significantly deflating supply concerns. Increasing corn and soybean harvest pressure also helped sink the futures markets. Wheat futures followed corn and soybeans to sharp losses amid lackluster export demand and improved rains in Black Sea winter wheat regions. Livestock futures were pressured by fund position evening, seasonal weakness in wholesale meat prices and the drop in grain prices, which boosted expectations for 2011 meat production. Cotton futures fell back from 15-year highs despite firm fundamentals as funds also booked profits on long positions in that market. Click on the Brock logo or call 1-800-558-3431 for more info on our services.