In the News

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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.06 ½	7.30 ¾	5.80 ¾
Soybeans	+.23 ¾	14.96	11.00
Wheat	-.47	8.14	5.80 ¾
Cattle	+1.02	126.90	118.18
Hogs	+1.92	85.40	86.33
Cotton	+2.44	75.09	85.12
Milk	+.08	18.59	18.56
Crude Oil	+.80	86.73	94.95

Comments: Wheat futures were the big mover in the grain and soybean complex last week as they collapsed after USDA raised its U.S. wheat carryout by another 50 million bushels on Tuesday due to slow export demand. The larger-than-expected increase in the carryout overshadowed worries about the continued drought in the U.S. Plains. Corn futures continued to slide on demand concerns and the collapse in wheat prices, but losses were limited by an unchanged U.S. carryout estimate, soybean gains and late-week export demand out of Asia. Soybean futures bucked the weakness in grain prices on support from strong demand, as evidenced by the highest U.S. weekly export sales of 2012-13 to date and an 11.3% increase over last year in the National Oilseed Processors Association November soybean crush. Livestock futures rallied with the live cattle market supported by tightening supplies and technical buying, while lean hog futures were pushed up by early-week strength in U.S. cash markets and news U.S. pork exports set a monthly record in October. Cotton futures continued to gain as USDA cut its U.S. carryout estimate and raised projected U.S. exports. Click on the Brock logo or call 1-800-558-3431 for more info on our services.