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	+.81 ½	6.72 ½	6.98
Soybeans	+.70 ¼	15.12 ¾	13.34 ¼
Wheat	+.65 ¾	7.39	6.41 ¼
Cattle	+3.55	120.45	111.58
Hogs	+2.70	96.63	95.23
Cotton	-2.01	72.16	162.14
Milk	+.21	16.87	20.49
Crude Oil	+5.20	84.96	94.77

Comments: Grain futures surged sharply again as traders remained focused on deteriorating corn and soybean conditions in extremely dry areas of the eastern and southern U.S. Corn Belt. Forecasts calling for hot, dry weather to continue through early July helped raise crop worries. The weather rally was not derailed by Friday's USDA crop acreage report, which showed soybean plantings up 3% from producers' March 1 planting intentions and corn plantings up 0.5%. A positive reaction by investors to EU leaders' latest plans to deal with the Euro-zone debt crisis was supportive for commodities in general on Friday along with quarter-end position evening. Cotton futures action was choppy last week with favorable rains in the U.S. south and a large export cancellation weighing on prices. Livestock futures found good support on Friday from the news out of Europe and large U.S. stock market gains, capping a strong week. Lean hog futures were pulled higher earlier in the week by their discount to cash prices, but there were signs cash hog markets had topped out. Click on the Brock logo or call 1-800-558-3431 for more info on our services.