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January 3, 2011

In the News

The next issue of Agri Marketing will have Focus Reports on Direct/Relationship Marketing, Ag Consulting Services, Digital Ag Media Updates and the Best of CAMA. To schedule your ad, contact Judy Knoll at JudyK@AgriMarketing.com or call 636/728-1428 ext. 2002.





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.15 6.29 4.14 ½
Soybeans +.44 ¼ 13.93 ¾ 10.39 ¾
Wheat +.10 ¼ 7.94 ¼ 5.41 ½
Cattle +.77 108.35 86.18
Hogs +1.02 79.75 65.60
Cotton -3.31 144.81 75.60
Milk +.07 13.22 14.22
Crude Oil -.13 91.38 79.36
Comments: Corn and soybean futures continued to rally into the end of 2010 on support from technical strength and ongoing concerns about hot, dry weather in key growing areas of Argentina. The weather worries overshadowed news of a Chinese interest rate hike and concerns that index funds would be sellers of grain and soybean futures in early 2011 as they rebalance their portfolios. A weaker dollar also helped spur significant fund buying in Friday's shortened session. Wheat futures were again supported by dry weather in the U.S. HRW wheat belt and tight supplies of high protein wheat in the world export market. Livestock futures posted further gains on support from firm cash markets and continued fund buying spurred by technical strength and the weaker dollar. Cotton futures fell for the second week in a row as speculators continued to book profits amid a lack of fresh fundamental news. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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