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January 10, 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 -.29 5.95 4.17 ½
Soybeans -.36 13.57 ¾ 10.17 ¾
Wheat -.20 ¼ 7.74 5.57 ¾
Cattle -.1.97 106.38 85.93
Hogs -.32 79.43 67.10
Cotton -3.21 140.60 72.89
Milk +.11 13.33 14.18
Crude Oil -3.30 88.03 82.66
Comments: Grain and soybean futures had a rough first week of 2011, coming under significant pressure from speculative profit taking and index fund rebalancing. Overbought market conditions and less threatening weather in Argentine growing areas contributed to the price weakness along with sluggish export activity. Tight supply/demand fundamentals and bullish long-term price forecasts limited corn and soybean losses. Prospects for a cold wave to hit the U.S. HRW wheat belt limited selling of wheat futures. Livestock futures were pressured by speculative profit taking on long positions, with the live cattle market feeling added pressure from lower Plains cash prices. Losses were limited by continued indications of strong beef and pork demand, especially from the export market. Cotton futures remained under pressure from speculative profit taking amid a lack of fresh supportive news. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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