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	-.03	6.43 ½	6.02
Soybeans	-.09	11.89 ½	13.78
Wheat	-.28	6.24 ¾	7.89
Cattle	-1.12	120.33	106.73
Hogs	-.40	83.90	79.43
Cotton	+4.06	95.86	141.22
Milk	Unch	17.26	13.22
Crude Oil	+2.73	101.56	88.38

Comments: Grain and soybean futures prices eased last week as forecasts for rain in Argentina's main crop belt this week spurred speculative profit taking on long positions along with overbought market conditions. A strong dollar also pressured prices as amid some fresh concerns about the European debt crisis. Hot, dry conditions in Argentina limited the setback in corn and soybean futures, while wheat futures came under pressure from bearish supply/demand fundamentals amid the absence of outside support. Grain prices should be volatile this week with traders keeping a close eye on South American weather forecasts and Thursday's release of several major USDA reports likely to stir up the fundamental outlook. The January reports have been major short-term market movers over the past five years. Livestock futures slipped a bit last week as weakness in wholesale beef and pork prices and the strong dollar raised new concerns about demand. Mild U.S. weather remained a negative market factor. Cotton futures rallied strongly on technical short covering despite the strong dollar, but soft export demand stands in the way of further strength. Click on the Brock logo or call 1-800-558-3431 for more info on our services.