In the News

The March issue of Agri Marketing will feature Focus Reports on the Rural Lifestyle Market and Dairy producers. To schedule your organization's ad, contact Audrey Evans at 636/728-1428 ext 2003; AudreyE@AgriMarketing.com

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.02 ¾	6.44 ½	6.62 ½
Soybeans	+.13 ½	12.32 ½	14.35 ½
Wheat	+.13 ½	6.60 ¾	8.25 ¾
Cattle	-1.07	124.63	108.20
Hogs	+.85	86.53	83.35
Cotton	+.73	96.34	171.86
Milk	-.49	16.15	16.63
Crude Oil	-1.72	97.84	90.54

Comments: Grain and soybean futures edged higher again last week on crop uncertainty and improved export demand. Fund buying spurred by technical strength, a weak dollar and signs of improvement in the macroeconomic situation also boosted prices. Corn and soybean futures finished the week higher despite improved rainfall in Argentina, rebounding strongly after a sharp Monday sell-off. Reduced production estimates for Argentina and Brazil were again supportive. Wheat futures were boosted by ideas extremely cold weather damaged winter wheat in Russia and Ukraine and also key growing areas of the European Union. Talk Russia could move to curb grain exports from April forward also helped boost wheat prices along with unwinding of long corn/short wheat spreads. Livestock futures were mixed again with live cattle futures pressured by lower trade in Plains cash markets and packer slaughter cutbacks. Lean hog futures posted modest gains on firm cash trade and expectations for good seasonal strength in cash markets this spring amid indications of continued strong export demand for U.S. pork. Cotton futures rebounded from early-week losses on support from expectations for lower plantings in the U.S. and China and flooding in Australia. Click on the Brock logo or call 1-800-558-3431 for more info on our services.