In the News

Upcoming reports in the Nov/Dec issue will include a salute to Agri Marketing's NEW Product of the Year: Monsanto’s Genuity SmartStax RIB Complete, marketing to beef producers and update on Direct/Relationship marketing. For more info, contact Audrey Evans, AudreyE@AgriMarketing.com, 636/728-1428 X 2003.

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.05 ¾	6.55	5.79
Soybeans	+.04 ¾	12.17	12.25
Wheat	+.12 ½	6.44 ½	7.18 ¼
Cattle	-.98	120.95	100.70
Hogs	-2.97	86.68	67.05
Cotton	+7.27	104.37	121.68
Milk	+.12	18.04	16.86
Crude Oil	+5.92	93.32	82.18

Comments: Grain and soybean futures trade stayed extremely choppy last week amid uncertainty about demand spurred by macroeconomic factors. Strong crude oil prices and a weak U.S. dollar were supportive for futures. The European Union debt agreement announced on Thursday provided a brief boost for prices along with improved U.S. growth numbers, but demand concerns lingered as weekly U.S. export sales for corn, soybeans and wheat were all disappointing. Growing question marks about the EU agreement may keep trade in all commodity markets highly volatile in coming days. Firm cash markets should help limit weakness in grain futures as producers remain tight holders of new-crop supplies with the U.S. harvest winding down. Livestock futures fell back last week under pressure from profit taking spurred by demand concerns. Live cattle futures declined despite stronger Plains cash trade, while weakness in Midwest cash hog markets helped pressure hog futures. Cotton futures rallied strongly on signs of improving Chinese demand, technical buying and weakness in the value of the dollar. Click on the Brock logo or call 1-800-558-3431 for more info on our services.