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May 2, 2011

In the News

The next issue of Agri Marketing will feature a focus report on Marketing Research, annual listing of the largest Ag Communications Agencies and salutes to NAMA's AgriBusiness Leader and Agri-Marketer of the year. To schedule your ad, contact Audrey Evans at 636/728-1428, AudreyE@AgriMarketing.com





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.16 ¾ 7.54 3.60 ½
Soybeans +.12 ¼ 13.92 ¾ 9.85 ¾
Wheat -.30 ¼ 7.69 ¼ 4.84 ½
Cattle -1.88 113.35 93.88
Hogs -4.77 95.28 87.60
Cotton -7.85 178.78 81.65
Milk +.14 16.41 13.42
Crude Oil +1.64 113.93 85.17
Comments: Last week was an extremely choppy one for grain and soybean futures with corn futures largely trading off the latest Midwest weather forecasts amid continued U.S. planting delays. Forecasts for drier weather in the western Corn Belt were a negative market factor. The further weakness of the dollar was supportive for grain and soybean prices, but lower-than-expected U.S. GDP growth of 1.8% for the first quarter boosted concerns about the general economy, causing some investors to flee commodity markets for safer places. Wheat futures found fundamental support early in the week from lower USDA crop ratings, but were pressured by beneficial rains across western Kansas and Oklahoma. Livestock futures came under significant pressure from the U.S. GDP data, which added to demand concerns spurred by falling wholesale meat prices and high gasoline prices. Cotton futures suffered further sharp losses before rallying on Friday as funds continued to exit long positions on technical weakness and economic concerns. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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