In the News

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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.19 ¾	5.59	3.85 ¼
Soybeans	+.61 ¾	13.00 ¼	10.47
Wheat	+.89 ¾	7.38	5.49 ¾
Cattle	+.95	103.18	80.80
Hogs	-1.07	69.28	59.25
Cotton	+26.27	142.33	70.55
Milk	+.20	13.90	14.81
Crude Oil	+5.43	89.19	76.46

Comments: Grain and soybean futures had a strong week, led by the wheat market, which soared on concerns about tightening world supplies of milling quality wheat and a weaker dollar. The weaker dollar helped spur strong fund buying across commodity markets to start December. Prospects for much of the bumper wheat crop in eastern Australia to be downgraded to feed quality by excessive rains there triggered expectations for stronger U.S. wheat exports. Corn and soybean futures were boosted by concerns about dry conditions in Argentina's growing belt and forecasts for temperatures to heat up there this week. Soybean futures also continued to find good support from strong Chinese demand for U.S. soybeans, while soft export demand limited corn gains. Livestock markets had a mixed week with live cattle futures extending gains as Plains cash markets rose to a 7-year high. Lean hog futures turned lower, however, on weakness in wholesale pork prices and continued ample hog supplies. Cotton futures roared back from recent weakness on support from renewed concerns about tight world supplies and the weaker dollar. Click on the Brock logo or call 1-800-558-3431 for more info on our services.