In the News

Agri Marketing Weekly will be distributed on Tuesday of next week as we take Monday off to celebrate the Holidays. The Jan/Feb issue of Agri Marketing magazine will feature a special Salute to DEKALB on its 100th anniversary!

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	- .11 ¼	5.83	5.87 ½
Soybeans	+.23	11.30	12.89
Wheat	-.12 ¼	5.83 ¾	7.49 ¾
Cattle	-.15	118.15	101.20
Hogs	-2.25	83.15	74.58
Cotton	-4.14	86.29	146.12
Milk	+.07	18.66	13.78
Crude Oil	-5.88	94.53	87.70

Comments: Last week was a mixed one for grain and soybean futures. Prices remained under pressure from poor export demand and speculation the EU agreement to seek tighter fiscal controls on euro zone members was “too little, too late” to contain the European debt crisis. However, soybean futures turned higher and corn futures cut their losses on increasing worries about dry weather in southern Brazil and Argentina. Weather concerns could be turned up another notch going into the year-end holidays if midweek rains forecast for Argentine growing areas disappoint. Short covering spurred by oversold market conditions also supported grain and soybean futures, but wheat prices remained weak amid pressure from ample U.S./world supplies and beneficial moisture in the U.S. southern Plains. Livestock futures were hit with increasing commodity fund long liquidation amid growing concerns about red meat demand, although oversold market conditions limited live cattle losses. Nearby cotton futures collapsed to one-year-plus lows as demand worries sent the market through chart support triggering technical selling. Click on the Brock logo or call 1-800-558-3431 for more info on our services.