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October 30, 2012

In the News

Agri Marketing's 2012 NEW Product of the Year honoree is DuPont Pioneer's Optimum AQUAmax corn hybrids...Product of the Year is Dow AgroScience's Nexera hybrid canola seed. Both will be profiled in the next issue of the magazine. For info on how to run a congratulatory ad, contact Audrey Evans at 636/728-1428 ext 2003; e-mail: AudreyE@AgriMarketing.com





presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn -.23 ¾ 7.37 ¾ 6.37 ¼
Soybeans +.27 15.61 ¼ 12.59 ¾
Wheat -.08 ¾ 8.63 ¾ 6.19 ½
Cattle -.80 125.50 121.05
Hogs -.73 78.90 87.03
Cotton -4.66 72.42 100.32
Milk -.01 21.03 18.00
Crude Oil -4.16 86.28 90.20
Comments: Most agricultural futures markets came under pressure last week as investors cut back on risk exposure due to disappointing U.S. corporate earnings and uncertainty about the U.S. presidential election. Grain futures also came under pressure from renewed demand concerns with corn futures pulling wheat futures lower amid limited export demand for U.S. corn and sluggish ethanol production. Wheat price losses were limited by prospects for Ukraine to ban wheat exports after Nov. 15 and dry conditions in the U.S. Plains. Soybean futures bucked the trend of weakness on signs of good Chinese demand and South American weather uncertainty. Livestock futures felt fundamental pressure from indications of seasonal weakness in red meat demand as large U.S. frozen pork stocks helped pressure wholesale pork prices and wholesale beef prices showed signs of topping at near-record levels. Cotton futures turned sharply lower as last week's concerns about tight deliverable stocks quickly faded in the face of renewed economic worries and an increase in producer selling. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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