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.

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.06 ¾	7.20 ¾	6.34 ½
Soybeans	+.11 ¾	14.41	12.13 ½
Wheat	-.17 ¾	7.76 ½	6.41 ¼
Cattle	+1.35	126.30	125.85
Hogs	+1.18	86.83	86.63
Cotton	+1.97	80.52	96.92
Milk	+.01	18.12	17.09
Crude Oil	-.16	95.88	105.84

Comments: Grain and soybean futures trade had a mixed tone last week as speculative profit taking set in after the gains of the previous week. Corn and soybean prices were supported by continued dry weather in Argentina, but forecasts for rain there this week limited buying interest. The rally in corn futures was also halted by ongoing demand concerns and chart resistance. Continued strong demand helped soybean futures edge higher, but the upside was capped by prospects for a record Brazilian crop. Wheat futures lost ground on technical selling, but stabilized on drier weather forecasts for the drought-stricken U.S. Plains and better-than-expected weekly export sales. Livestock futures were mostly firmer as live cattle clawed back some of the previous week's huge losses on position evening ahead of Friday's USDA Cattle-on-Feed Report, which turned out to hold friendly news for prices, pegging the U.S. feedlot inventory at the low end of expectations. Lean hog futures rose on firm cash prices, but poor packer operating margins limited strength. Cotton futures were strong for a third straight week as prospects for tightening U.S. supplies overshadowed large world stocks. Click on the Brock logo or call 1-800-558-3431 for more info on our services.