In the News

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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.22 ¼	5.96 ½	3.97
Soybeans	+.25 ¾	12.98 ¾	10.22
Wheat	-.18 ¾	7.56 ¾	5.18 ½
Cattle	+1.23	102.18	81.43
Hogs	+.80	75.95	65.55
Cotton	+13.15	150.12	75.74
Milk	-.07	13.73	14.86
Crude Oil	+.23	88.02	72.65

Comments: Corn and soybean futures posted solid gains last week as concerns about dry conditions in significant parts of Argentina heated up. The absence of any major monetary tightening moves by China despite rising inflation spurred speculative buying, while the extension of federal supports for ethanol and the reinstatement of the tax credit for biodiesel were supportive factors on the demand side. Wheat futures lost ground as traders banked profits on long positions amid drier weather in eastern Australia, but losses were limited by signs of good export demand including Jordan's largest purchase of U.S. wheat in six years. Livestock futures rallied on expectations for cash cattle and hog markets to rebound after the holidays. Deferred futures were also boosted by rising corn prices. Cotton futures rocketed sharply higher on active speculative buying spurred by tight world supplies and continued strong U.S. export sales. Click on the Brock logo or call 1-800-558-3431 for more info on our services.