In the News

The combined Jan/Feb issue of Agri Marketing will feature focus reports on the Canadian ag market, digital media and ag TV programs. To schedule your organization's ad, contact Audrey Evans at audreye@agrimarketing.com or call 636/728-1428 ext 2003.

Most Read Items From Prior Issue of

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.28 ½	7.08 ¾	6.51 ½
Soybeans	+.35 ¾	14.24 ¾	11.97 ½
Wheat	+.07 ½	7.54 ¾	6.41
Cattle	-2.35	130.60	121.33
Hogs	-2.03	84.20	82.90
Cotton	+.57	75.62	96.87
Milk	+.03	18.06	17.14
Crude Oil	+.47	93.56	103.22

Comments: Grain and soybean futures bounced back last week as traders turned their attention back to U.S. supply/demand fundamentals. Friday's USDA reports confirmed tight U.S. corn and soybean supplies and indicated stronger demand for corn, soybeans and wheat than was previously estimated. Dec. 1 U.S. corn stocks came in below trade expectations, boosting concerns about old-crop supplies, while new-crop corn contracts remained under pressure from potential for a record 2013 crop. Larger projected soybean usage offset a further 44-million-bushel increase in U.S. soybean production. Wheat futures saw a boost from both a lower-than-expected old-crop carryout estimate and smaller-than-expected U.S.HRW wheat seedings. The lower acreage will make the wheat market more sensitive to poor crop conditions in the U.S. Plains. Livestock futures had a rough week with live cattle futures pressured by larger market-ready cattle supplies and weaker Plain cash prices. Lean hog futures set back on concerns about demand as packer operating margins remained negative. Cotton futures rallied on support from a weaker dollar and lower USDA forecast for U.S. ending stocks. Click on the Brock logo or call 1-800-558-3431 for more info on our services.