In the News

The next issue of Agri Marketing will include an update on the Rural Lifestyle Consumer and marketing to fruit and vegetable producers. For more info, contact Audrey Evans at 636/728-1428 x2003; AudreyE@AgriMarketing.com

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.41 ½	7.52 ½	4.16 ½
Soybeans	+.55	14.14 ¾	10.13
Wheat	+.31 ½	7.62 ¼	6.56 ½
Cattle	Unch	114.30	98.43
Hogs	-1.28	87.10	75.80
Cotton	-2.84	103.92	89.24
Milk	+.09	21.57	15.15
Crude Oil	+2.96	85.37	73.36

Comments: Grain and soybean futures shot higher as concerns about U.S. corn and soybean production were boosted further by reports from the annual Midwest crop tour and forecasts for dry weather into early September. Crop scouts estimated corn yields to be lower than a year ago in all of the states they surveyed. Soybean futures also received a strong technical boost on Friday after most-active Nov. futures broke through key chart resistance above $14.00. Wheat futures gains were limited somewhat by spring wheat harvest pressure, but concern the ongoing extreme drought in the southern Plains will limit U.S. winter wheat seedings remained strongly supportive for prices. Live cattle futures chopped sideways with pressure from bearish cattle-on-feed data and weaker Plains cash markets offset by expectations for seasonal price strength this fall. Lean hog futures came under further pressure from seasonal cash market weakness, but continued to find support from their wide discount to current cash prices. Cotton futures set back under pressure from speculative profit taking as the demand outlook remained weak. Click on the Brock logo or call 1-800-558-3431 for more info on our services.