In the News

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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.28	7.06 ½	3.63 ¼
Soybeans	-.17 ½	14.16	9.43
Wheat	+.13 ¼	8.67	4.93 ½
Cattle	-.47	107.78	89.40
Hogs	+1.90	86.40	67.63
Cotton	+22.11	189.97	72.92
Milk	+.40	16.99	14.24
Crude Oil	-3.53	85.58	75.28

Comments: Talk of food price inflation continued to provide underlying support for grain and livestock futures last week, while a stronger dollar was a negative factor. Corn surged to their highest levels since the summer of 2008 as supply concerns were ratcheted up further when USDA cut its U.S. corn carryout estimate by another 70 million bushels due to increases in projected usage. Soybean futures found support from the tight corn stocks, but still turned lower late in the week on building South American harvest pressure and Chinese cancellations of U.S. soybean purchases. Wheat futures continued to climb on support from strong demand out of the Middle East and concerns about poor crop conditions in China and the U.S. HRW wheat belt. Livestock futures had a mixed week with cattle futures edging a bit lower on concerns about weakening beef prices and slow cash cattle trade. Lean hog futures climbed, though, on support from strong cash markets and strong export demand for U.S. pork. Nearby cotton futures skyrocketed on continued speculative buying and short covering forced by increased margin requirements. Click on the Brock logo or call 1-800-558-3431 for more info on our services.