In the News

The next issue of Agri Marketing will include the annual Ag/Rural Show Guide, a salute to the Ag Media Summit and an update on the Canadian ag market. 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	+.11 ½	5.91	6.77 ½
Soybeans	+.66 ½	14.42 ½	13.30 ¼
Wheat	+.63 ¾	6.73 ¼	6.38 ¼
Cattle	+.75	116.90	111.28
Hogs	+ 1.90	94.93	98.28
Cotton	-5.81	74.17	161.22

Comments: Grain and soybean markets officially entered a weather market last week and are beginning this week on the same note, with little or no rain in the 10-day forecast for the Midwest. Wheat and soybean prices now exceed a year ago and corn is headed higher despite huge acreage. National corn and soybean yields are being affected; the question is how much damage will be done before the dry spell ends. Weather markets typically soar higher—often taking prices beyond the level warranted by the actual ultimate size of the crop—then plunge even more quickly. Based on the past five weather markets, this one could be over by the end of July. Cattle and hog markets last week shrugged off the generally negative tone that pervaded commodities due to weak world economic data. This week, besides weather, traders will watch the EU economic summit Thursday and USDA acreage and grain stocks reports Friday. Click on the Brock logo or call 1-800-558-3431 for more info on our services.