In the News

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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.44 ½	6.92	4.96
Soybeans	-.76 ¾	13.55 ½	10.36 ¼
Wheat	-.41 ½	6.88 ¼	7.19 ¼
Cattle	+.05	118.50	98.70
Hogs	+.10	87.35	78.20
Cotton	-1.22	109.08	94.93
Milk	+.02	18.94	16.37
Crude Oil	+.72	87.96	74.57

Comments: Grain and soybean futures sold off hard last week after USDA's September Crop Report cut U.S. corn production in line with trade expectations and pegged the soybean crop above expectations. A 400-million-bushel cut to USDA's 2011-12 corn usage projection helped spur worries about demand. Reports of better-than-expected early yields in the Midwest weighed on both corn and soybean futures. Wheat futures continued lower under pressure from the sell-off in corn prices and an unexpected 90-million-bushel jump in USDA's U.S. wheat carryout estimate as Black Sea region wheat continued to dominate the world export market. Livestock futures had a mixed week. Live cattle futures started the week strongly, but sold off on Thursday and Friday as weaker-than-expected cash trade helped trigger speculative profit taking. Lean hog futures also sold off hard to end the week amid expectations for larger pork production and seasonal increases hog supplies to put new pressure on prices. The cotton market gave back early-week gains and turned lower amid new concerns about demand. Click on the Brock logo or call 1-800-558-3431 for more info on our services.