In the News

The March issue of Agri Marketing will feature focus reports on marketing to the rural lifestyle consumer...and to dairy producers. To schedule your organization's ad, contact Audrey Evans at 636/728-1428 ext 2003...e-mail: AudreyE@AgriMarketing.com

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.15 ¼	7.36	6.43
Soybeans	+.33 ¼	14.74 ¼	12.15 ¼
Wheat	-.11 ½	7.65	6.74 ¼
Cattle	+.80	127.10	125.70
Hogs	+.82	87.63	87.63
Cotton	+1.46	82.98	93.39
Milk	+.31	17.26	16.35
Crude Oil	+1.89	97.77	97.61

Comments: Dry weather in Argentina remained the dominant factor in the corn and soybean markets last week, driving prices to multi-week highs. Soybeans led the way as they also found support from continued strong Chinese demand and the threat of harvest delaying rains in central Brazil. Corn futures strength continued to be capped by demand concerns as weekly U.S. ethanol production slipped to the lowest level in more than two and a half years. Wheat futures were hit by significant technical selling on Friday, which erased earlier gains driven by falling HRW wheat crop ratings and the continued drought in the U.S. Plains. Disappointing export demand was also a negative factor with some buyers turning to low-priced Indian wheat. Livestock futures edged upward on support from stronger cash cattle and hog prices, but live cattle gains were limited by continued demand concerns as wholesale beef prices continued to slide. Hog futures gains were limited by futures premium to cash and larger-than-expected pork production. Cotton futures continued to climb on commodity fund buying as the dollar weakened, with fundamental support also coming from lower U.S. acreage prospects. Click on the Brock logo or call 1-800-558-3431 for more info on our services.