In the News

The Jan/Feb issue of Agri Marketing magazine will feature a special Salute to DEKALB on its 100th anniversary! Special focus reports on Ag Consulting Services and the Canadian farm market.

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.27 ½	6.46 ½	6.16
Soybeans	+.35 ½	11.98 ½	13.66
Wheat	+.30 ¾	6.52 ¾	7.84 ¾
Cattle	-2.88	121.45	107.33
Hogs	-1.55	84.30	78.85
Cotton	+4.56	91.80	142.84
Milk	+.26	17.26	13.27
Crude Oil	-.85	98.83	89.84

Comments: Grain and soybean futures surged again last week as South American crop concerns stepped up another notch due to continued dry weather in Argentina and southern Brazil. Year-end position evening and favorable economic data also provided price support. The grain market rally has carried over into 2012, but futures could turn again at any time as they are already becoming technically overbought and crop problems may be overstated. Crop conditions remain favorable over much of Brazil, which still may have a record soybean crop and a large corn crop on the way. One good widespread rain across Argentina's crop belt could largely end the weather market. Forecasts now indicate improved rains for Argentina starting Jan. 9. Livestock futures suffered a setback last week as holiday slaughter disruptions cut into packer demand in the cash hog and cattle markets. Mild winter weather across the Midwest and the Plains regions was also a negative market factor and remain one through mid-January. Cotton futures surged last week on year-end speculative position evening in thin trading volume. The cotton market is likely to remain volatile. Click on the Brock logo or call 1-800-558-3431 for more info on our services.