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February 13, 2012

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 -.12 ¾ 6.31 ¾ 6.98 ½
Soybeans -.03 ½ 12.29 14.33
Wheat -.30 ¾ 6.30 8.62 ¾
Cattle -.68 124.95 108.90
Hogs +.32 86.85 79.70
Cotton -5.73 90.61 187.58
Milk -.07 16.08 16.70
Crude Oil +.83 98.67 86.73
Comments: Grain and soybean futures started out last week strongly on technical buying and supply uncertainty, but came under pressure after USDA's supply/demand report failed to provide any fresh bullish news. Wheat futures were hit the hardest after USDA unexpectedly pegged the 2011-12 world wheat carryout at a record high. The large supplies overshadowed improved export demand for U.S. wheat. A 49-million-bushel cut to the U.S. corn carryout failed to support corn prices as the drop in stocks was anticipated. USDA's estimates of South American corn and soybean production also fell in line with trade expectations, failing to provide additional support for prices. Hopes for improved Chinese demand should remain supportive for soybean futures, however, while the downside for old-crop corn prices should be limited by tight supplies. Livestock futures were mixed in very choppy trade with live cattle futures giving back early-week gains amid lower trade in Plains cash markets. Lean hog futures mostly managed small gains despite a Friday sell-off on demand concerns. Cotton futures tumbled sharply under pressure from a further jump in USDA's world carryover estimate and poor demand. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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