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November 26, 2012

In the News

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presents WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures
Weekly
Change
Friday's
Close
Year
Ago
Corn +.18 ½ 7.45 ½ 5.88 ¾
Soybeans +.35 ½ 14.18 ¾ 11.22 ½
Wheat +.09 ¾ 8.47 ¾ 5.79 ¼
Cattle +2.80 128.95 121.40
Hogs +2.15 82.48 88.05
Cotton -2.90 69.83 90.71
Milk -.03 20.71 19.11
Crude Oil +1.52 89.56 81.25
Comments: Agricultural futures found broad support in light holiday-reduced trading volume last week from a weaker dollar as concerns about Europe's economy eased, boosting the euro and investors willingness to take on risk. Oversold technical conditions spurred short covering and speculative “bargain hunting” in the grain and soybean markets and fundamental support came from strong cash markets, signs of strengthening demand and production jitters. Concerns about the deteriorating U.S. HRW wheat crop continued to mount, while planting delays in Argentina and dry weather in southern Brazil spurred some corn and soybean crop worries. The best weekly U.S. export sales total of the 2012-13 marketing year helped corn futures finish the week firmly on Friday. Livestock futures had a strong week, especially the live cattle market, where evidence of tightening U.S. cattle supplies overshadowed nervousness about beef demand. Lean hog futures surged on expectations for seasonal cash market strength and technical buying. Cotton futures spent most of the week consolidating then plunged in thin Friday trade on positioning ahead of the Dec. futures delivery period. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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