In the News

Be sure to reserve your organization's exhibit space at NAMA's 2012 Conference. For more info, contact Jan Cichello (janc@nama.org) or call her at (913) 491-6500.

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.01	6.40 ¾	6.85 ¾
Soybeans	+.11 ½	12.79	13.18 ¼
Wheat	-.03	6.41	7.47 ¼
Cattle	-1.05	127.55	111.10
Hogs	-.65	89.73	89.50
Cotton	-1.60	89.85	181.28
Milk	+.01	16.08	17.00
Crude Oil	+6.17	109.77	97.28

Comments: Grain futures ended little changed last week in choppy trading as support from firm soybean prices and a surging crude oil market offset pressure from bearish supply forecasts. Soybean futures continued to push higher on expectations for South American crop losses to boost demand for U.S. soybeans. A strong 2012-13 demand forecast from USDA helped bolster soy demand expectations. USDA's preliminary 2012-13 forecasts for corn and wheat were bearish, however, with the agency projecting the U.S. corn carryout to more than double on a record crop. USDA also forecast the U.S. wheat carryout to rise next year on higher production and flat export demand. Livestock futures eased last week as the surging crude oil market helped spur concerns about meat demand and cattle traders took profits on long positions ahead of Friday's USDA monthly cattle-on-feed report. That report, however, confirmed another decline in monthly feedlot placements relative to last year. Cotton futures lost ground under pressure from ample supplies and demand uncertainty. Click on the Brock logo or call 1-800-558-3431 for more info on our services.