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March 19, 2012

In the News

The April issue of Agri Marketing magazine will feature the "Best of NAMA Winners"...and a Focus Report on Farm & Rural Broadcasting. To schedule your organization's ad, contact Audrey Evans at AudreyE@AgriMarketing.com or call her at 636/725-1428 ext 2003.





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.28 6.73 6.16 ½
Soybeans +.36 ¼ 13.74 12.87
Wheat +.29 6.73 6.62
Cattle -.73 125.30 110.50
Hogs -1.95 85.88 85.30
Cotton -1.32 87.48 185.12
Milk +.19 15.61 19.58
Crude Oil -.34 107.06 97.98
Comments: Corn and soybean futures had a strong week on support from continued talk of Chinese demand, South American crop losses and technically-driven buying from commodity funds. Favorable U.S. economic data also helped bring more investment money into commodities. Strong Chinese corn prices and talk the government has overstated China's 2011 crop fueled expectations for further Chinese buying of U.S. corn. The soybean market remained concerned U.S. producers may not plant enough soybeans to keep pace with strong demand amid private estimates for corn plantings to hit 95-95.5 million acres. Wheat futures followed corn and soy higher on technical short covering, with some help from further strong demand out of the Middle East/North Africa. Livestock futures remained on the defensive as weakness in wholesale meat prices and rising U.S. gasoline prices spurred demand concerns. Cotton futures were also on the defensive after a surprisingly bearish USDA supply/demand report, with better-than-expected weekly export sales providing limited late-week support. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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