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WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	0.1200	3.6825	3.5250
Soybeans	0.2350	8.6900	9.5950
Wheat	0.1200	5.2100	4.5500
Cattle	-0.70	118.15	115.05
Hogs	-0.38	57,55	58,28
Cotton	-0.27	76.10	68.97
Milk	-0.26	16.05	16.28
Crude Oil	1.04	74.29	51.87

Corn and soybean futures quickly shook off a bearish USDA Grain Stocks report last week, rising on support from speculative short covering spurred by the U.S.-Canada free trade agreement as well as harvest delays and crop quality concerns as parts of the Midwest received heavy rains. Corn futures also continued to be underpinned by strong export demand, while concerns about the U.S.-Chinese trade conflict capped soybean price gains along with a strong start to planting season in Brazil. Wheat futures spent the week chopping sideways under pressure from the bearish Sept. 1 U.S. stocks estimate, favorable planting conditions in the U.S. HRW wheat belt and improved moisture conditions in Black Sea region growing areas. Sluggish export demand for U.S. wheat remained a negative market factor. Cotton futures came under further pressure from poor export demand for U.S. cotton and reports of exceptional crop yields.

Livestock futures ended the week little changed after initially rallying on support from news of the U.S.-Canada agreement on a NAFTA redo. Lean hog futures fell back amid signs the cash market might be topping again and expectations for large fourth quarter hog supplies. Live cattle futures gains were capped by futures' premium to flat Plains cash markets. Soft wholesale beef prices were also a negative market factor.

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