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	+.62 ½	5.28 ¼	3.64
Soybeans	+.78	11.35	9.36
Wheat	+.24 ¼	7.19 ¼	4.74
Cattle	-.40	95.55	81.88
Hogs	-1.85	74.53	51.03
Cotton	+9.15	107.77	63.65
Milk	+.31	16.79	12.86
Crude Oil	+1.08	82.66	71.69

Comments: Corn and soybean futures last week wiped out the previous week's bearish reversals, charting huge gains on Friday in the wake of shocking USDA crop estimates. The corn crop estimate was the real stunner as USDA lowered its U.S. yield estimate by 6.7 bushels per acre to 155.8 bushels. USDA also raised projected corn usage slightly and pegged U.S. ending stocks at the lowest level in 14 years, setting off the buying frenzy. Soybean production was cut unexpectedly as USDA trimmed 1.2 million acres off its estimate of harvested acreage. The wheat market largely followed corn futures higher. USDA trimmed its U.S. wheat carryout by 49 million bushels, but stocks remain large at 853 million bushels. Livestock futures lost ground on the week amid softening cash markets, but rebounded strongly on Friday on broad fund buying and anticipation that high feed prices would limit 2011 meat production. Cotton futures rocketed to huge gains on renewed fund buying spurred by a tight world supply situation, strong grain prices and a weak dollar. Click on the Brock logo or call 1-800-558-3431 for more info on our services.