In the News

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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.08	6.94	6.42 ½
Soybeans	-.06 ¾	14.24	12.08
Wheat	-.13 ¼	7.78 ¼	6.51 ¼
Cattle	+.12	129.40	123.10
Hogs	-.52	86.38	85.55
Cotton	-1.52	74.66	90.68
Milk	+.05	18.61	18.66
Crude Oil	+2.17	90.80	98.36

Comments: Grain and soybean futures slipped a bit in very thin holiday trading volume last week under pressure from continued commodity fund selling spurred by technical weakness and a variety of other factors. Demand worries, improving South American crop prospects and concerns about the U.S. fiscal cliff all weighed on prices at one time or another. Prospects for a record large Brazilian crop and drier conditions in Argentina kept the soybean market on the defensive. Dismal U.S. export sales helped keep corn prices under pressure, while wheat futures finished lower on the week despite the best weekly export sales in 23 months. A forecast for the Mississippi River to close to most commerce south of St. Louis by Jan. 3-4 also drove demand concerns. Livestock futures had a mixed week with live cattle futures finding support from stronger Plains cash trade, tightening supplies and winter weather. Lean hog futures also found some support from weather, but were pressured by weak pork prices and positioning ahead of Friday's USDA Hogs and Pigs Report, which showed larger-than-expected supplies. Cotton futures set back late in the week on technical weakness and growing concerns that the fiscal cliff could undermine the economy. Click on the Brock logo or call 1-800-558-3431 for more info on our services.