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	-.02 1/2	5.99 ½	6.43
Soybeans	-.31 1/4	11.58	14.10
Wheat	-.22	6.02 1/2	7.84
Cattle	+2.17	122.50	109.90
Hogs	+1.70	85.60	80.30
Cotton	-.39	95.47	144.06
Milk	-.15	17.11	13.55
Crude Oil	+2.86	98.70	91.40

Comments: Larger-than-expected carryover estimates undercut corn, soybean and wheat futures late last week. USDA's January Crop Report contained a number of surprises and all were on the bearish side of the ledger. As a result, a promising mid-winter price rebound was short circuited. The corn market still needs a very large 2012 crop and will do everything in its power to pull as many acres as possible into production. The soybean market has a larger supply cushion than corn, as that stocks-to-use ratio is now above 9%. But the soy complex is keeping a close eye on growing conditions in Argentina where most soybean fields are approaching the reproductive stage with limited soil moisture. The winter wheat acreage estimates were also bearish when compared to trade expectations. Total winter wheat acreage was pegged at up 2.9% from last year. Export demand for U.S. pork and beef remained strong through November, according to USDA statistics. Click on the Brock logo or call 1-800-558-3431 for more info on our services.