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The next issue of Agri Marketing will include the annual Farm Show Guide. To schedule your Show's ad, contact Audrey Evans at AudreyE@AgriMarketing.com. Ph: 515/954-8589.

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Soils are different. Moisture, growing season — so many variables influence our coast-to-coast readers' and users' production decisions. One broad editorial sweep just doesn't serve their needs. Readers tell us over and over — local production information is the most useful.
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WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+0.1450	3.7975	3.8775
Soybeans	+0.1825	10.2075	9.1375
Wheat	+0.2900	5.7325	4.8900
Cattle	-0.30	111.10	110.63
Hogs	-1.93	62.50	69.10
Cotton	-0.13	65.82	61.33
Milk	+1.30	20.18	18.36
Crude Oil	-3.20	37.05	52.64

Grain and soybean futures were propelled by a bullish Sept. 1 quarterly grain stocks report from USDA. For corn, USDA pegged Sept. 1 stocks at 1.995 billion bushels, down from the average analyst estimate of 2.250 billion. USDA's soybean stocks estimate wasn't quite as bullish, but it was certainly friendly versus expectations. USDA pegged Sept. 1 soybean stocks at 523 million bushels, down 909 million a year ago and down from the average analyst estimate of 576 million. The Wednesday report helped sent corn to new multi-month highs, and December corn posted its highest weekly close since March. Soybean futures rallied, but couldn't take out their mid-September highs. Highly favorable harvest weather across the Midwest helped limit the price upside in corn and soybeans. The Sept. 1 stocks report was also friendly for the wheat market. Cotton futures were near unchanged on the week but remained in an uptrend as the market continues to find technical support. Cotton overcame weakness in the crude oil market, which fell amid concern about demand and the global economy. Political uncertainty tied to the upcoming election and President Trump's positive coronavirus case added to the concern about the economy.

In the livestock complex, live cattle futures were near unchanged, pressured late in the week by concern about demand and the economy, fed on Friday by a lackluster monthly jobs report. USDA inventory data suggests market-ready cattle supplies should be ample during early 2021, suggesting further upside for Feb. futures is limited. Futures failed to get a boost from higher Plains cash cattle prices. In the hog complex, front-month December lean hog futures continued to chop sideways, as traders watch for expected seasonal increases in hog supplies to show up. December continues to be underpinned by its wide discount to the CME cash hog index, which reflects supply expectations.

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