In the News

The next issue of Agri Marketing will include the annual Ag/Rural Show Guide, a salute to the Ag Media Summit and an update on the Canadian ag market. To schedule your organization's ad, contact Audrey Evans at 636/728-1428 ext 2003; AudreyE@AgriMarketing.com

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.29 ¼	6.40 ¾	3.65 ½
Soybeans	+.02 ¼	13.22 ¼	9.53 ½
Wheat	-.51 ½	5.84 ½	4.84
Cattle	-.20	112.85	89.15
Hogs	-.50	95.50	79.30
Cotton	-3.81	161.41	81.22
Milk	+.14	20.65	13.51
Crude Oil	+3.78	94.94	72.95

Comments: Grain futures had another rough week last week as bearish USDA data on June 1 stocks and 2011 planted acreage put added pressure on the corn market, while wheat futures continued to plummet on harvest pressure and concerns about increased Black Sea region exports. The bull market in corn futures appears broken, but strong demand from Asian buyers including China may put a floor under prices through the pollination period. On Friday, USDA reported the sale of 1.14 MMT of corn to an unknown destination, which was almost certainly China. Soybean futures found support late last week from USDA's lower-than-expected U.S. plantings figure of 75.2 million acres, which overshadowed a larger-than-expected June 1 stocks estimate. The low acreage figure may limit the downside for soybean prices ahead of the August Crop Report. Lean hog futures came under pressure last week from a seasonal dip in wholesale pork movement ahead of the holiday, but should continue to find support from strong U.S. pork exports. Live cattle futures were pressured by profit taking early last week, but rebounded on firm cash trade. Click on the Brock logo or call 1-800-558-3431 for more info on our services.