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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.17 ½	6.79 ¼	6.52
Soybeans	+.71 ¼	15.64 ½	14.66
Wheat	-.49 ½	6.48 ½	7.26
Cattle	+1.38	122.63	119.33
Hogs	+1.53	101.28	96.73
Cotton	-2.44	82.71	72.16
Milk	+.01	18.04	15.65
Crude Oil	+2.87	96.56	77.69

Comments: Last week's grain and soybean futures trade was dominated by positioning ahead of Friday's USDA Crop Acreage and Grain Stocks Reports and traders' reaction to the data. While nearby July corn and soybean futures rallied on tight stocks and the absence of deliveries against those contracts, new-crop corn and soybean prices came under heavy pressure from favorable weather forecasts and high crop acreage numbers. Dec. corn futures lost 46 ¼ cents on the week as USDA pegged U.S. corn plantings 100,000 acres above the March planting intentions and above all trade estimates. Nov. soybean futures fell 21 ½ cents on the week as USDA”s soybean acreage forecast rose in line with trade expectations. Wheat futures suffered some of the worst losses as winter wheat harvest weighed heavily on prices along with technical selling. The losses came despite tighter-than-expected June 1 wheat stocks and a smaller USDA forecast for 2013 harvested acreage. Livestock futures had a strong week with live cattle contracts boosted by technical buying and anticipation of a cash market bottom. Lean hog futures found good support from stronger-than-expected wholesale pork prices. Friday's USDA hogs and pigs report was largely neutral for the market. Cotton futures suffered further losses under pressure from a strong dollar and USDA's forecast for larger U.S. cotton seedings. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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