In the News

The May issue of Agri Marketing will include the annual listing of largest agencies and Salutes to NAMA's AgriBusiness Leader and Marketer of the Year. To reserve 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	+.14 ¼	6.58 ¼	7.66 ¾
Soybeans	+.31	14.34	13.73 ¼
Wheat	-.22 ¼	6.38 ½	7.86 ¼
Cattle	-2.12	118.33	121.75
Hogs	+1.07	84.50	93.70
Cotton	-4.98	88.54	201.06
Milk	-.26	15.50	16.54
Crude Oil	+.29	103.31	108.34

Comments: Corn and soybean futures last week found further support from low U.S. soybean planting intentions and tighter-than-expected old-crop corn stocks. Technical buying was also supportive along with falling expectations for South American soy production ahead of the USDA monthly supply/demand update due out on April 10. However, corn and soybean gains were capped macroeconomic concerns amid decreasing hopes for further monetary easing by the U.S. Federal Reserve Bank. Wheat futures turned lower again under pressure from strong U.S. winter wheat crop prospects and economic concerns, despite support from lower-than-expected spring wheat planting intentions. The cotton market was pressured by larger-than-expected U.S. planting intentions and a strong U.S. dollar. Livestock price action was mixed as live cattle futures remained under pressure from commodity fund long liquidation spurred by weak cash fundamentals and negative technical signals. Weakbeef prices, high gasoline prices and negative publicity about “pink slime” helped keep traders worried about beef demand. Lean hog futures rebounded, however, as cash hog prices rebounded on tightening supplies. Click on the Brock logo or call 1-800-558-3431 for more info on our services.