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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.08 ¾	4.24	7.47 ¾
Soybeans	-.11	13.25 ½	14.91 ¼
Wheat	-.17 ¾	6.37 ¼	8.45 ¼
Cattle	-2.05	131.43	126.08
Hogs	-4.00	81.68	83.45
Cotton	+1.06	80.41	72.24
Milk	+.61	19.08	18.50
Crude Oil	+4.93	97.65	86.26

Comments: Corn futures rallied in the face of concerns about Chinese rejections of U.S. corn shipments as commodity funds covered part of their large short position. Some of the position evening was tied to the end of the harvest season. Nearby futures posted a bullish reversal on the weekly corn continuation chart, suggesting a seasonal low has been established. Soybean futures set back modestly as favorable weather in South America spurred speculative profit taking on long positions. However, losses were limited by continued strong export demand for U.S. soybeans. Despite the firmer corn market, wheat futures fell apart in the face of larger-than-expected crop estimates from Australia and Canada, which created doubts about U.S. export prospects. Poor weekly export sales also spurred demand worries. Livestock futures came under pressure from commodity fund long liquidation amid weakness in cash market fundamentals. Nearby lean hog futures were hit especially hard due to their premium to the CME cash index as they neared expiration this coming Friday. High slaughter weights remain a negative factor in the hog market. Weaker wholesale beef prices created demand concerns in the cattle market. Cotton futures rallied further on concerns about tight U.S. supplies and technical strength. Click on the Brock logo or call 1-800-558-3431 for more info on our services.

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