In the News

The Agri Marketing staff wishes all a Happy Thanksgiving this Thursday!

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.13 ¼	5.20 ¾	3.95
Soybeans	-.67 ½	12.01 ½	10.39
Wheat	-.24 ¾	6.44 ½	5.62 ¾
Cattle	+3.05	101.45	83.68
Hogs	+.15	69.13	55.98
Cotton	-12.28	127.90	68.82
Milk	unchg	15.43	14.06
Crude Oil	-2.90	81.98	77.46

Comments: Grain and soybean futures came under further pressure last week from commodity fund liquidation of long positions spurred by concerns government anti-inflation measures will result in a “hard landing” for China's booming economy. News that China's central bank had raised reserve requirements for the second time in two weeks helped spur renewed selling on Friday after a midweek rebound. Soybean and cotton futures were hit especially hard by the economic jitters since Chinese demand is so important in those markets. Corn futures losses were limited by tight supply/demand fundamentals and a slowdown in cash corn movement. Wheat futures found some support from improved export sales and dryness in the western HRW wheat belt. Live cattle futures rallied strongly on support from speculative buying driven by technical strength and ideas of strong beef demand. Lean hog futures were also boosted by technical buying, but the nearby contract struggled due to weak cash markets. Click on the Brock logo or call 1-800-558-3431 for more info on our services.