In the News

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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.53 ¾	5.34	3.90 ½
Soybeans	-.15	12.69	9.90
Wheat	-.59 ½	6.69 ¼	5.31 ¾
Cattle	+.85	98.40	82.85
Hogs	+2.03	68.98	54.45
Cotton	-2.05	140.18	66.42
Milk	-.02	15.43	14.04
Crude Oil	-1.97	84.88	76.94

Comments: The high flying grain and soybean markets came crashing down last week with corn futures leading the fall under pressure from a huge wave of commodity fund profit taking that started after Tuesday's USDA reports confirmed trade expectations of a smaller corn crop and tighter U.S. ending stocks. Soybean futures had a roller coaster week, moving sharply higher on Tuesday in response to lower-than-expected USDA crop and carryout estimates, but crashing limit-down on Friday along with corn futures as talk that China was about to raise interest rates again spurred broad fund selling of most commodities. Wheat futures were caught up in the sell-off and were also pressured by beneficial rainfall across much of the U.S. HRW wheat belt, which eased concerns about low crop ratings. The cotton market was not immune to fund liquidation either and sold off hard after reaching another post-Civil War high on Wednesday. Livestock futures did post gains for the week on support from firmer cash hog and cattle markets despite selling off on Friday. Click on the Brock logo or call 1-800-558-3431 for more info on our services.