Friday Closing Comments (1-27) Corn found support through the week on firm basis attempting to pull cash bushels to market and concern over S. American corn supplies this year. After a shaky start, nearby corn finished the session 7 cents higher and deferred contracts 5 cents higher. For the week CH gained 30 cents. Producer selling was active on Thursday for a portion of the session, only to slow in the last two hours and was spotty through most of today’s session. Mexico bought 170 tmt of U.S. corn overnight. Current USDA projections for imports of corn by Mexico are 9.8 MMT but estimates are for this to increase to a possible 11-12 MMT, which would most likely originate in the U.S. Argentine corn production prospects range from 18.5-27.0 MMT with the USDA estimate at 26.0 MMT. Buenos Aires Cereal Exchange estimates the crop at 22 MMT. Assuming the need to keep some ending stocks and domestic usage of 8.0 MMT, this leaves 12.5 MMT for Export (USDA est. 18.5 MMT). Adding this shortfall to the Mexico number equates to close to 7.5 MMT (295 mln. bu.) that will need to be originated. Obviously it is hoped this comes from the U.S. World feed what clouds this enthusiasm though as it is plentiful. World feed wheat usage is already 663 mln. bu. higher than last year. Soybeans finished the session 3-4 cents lower today but SH finished the week 32 cents higher. It seemed like soybeans were defensive this week even though they actually gained ground. Continued concern over Argentine production prospects keeps soybeans supported. Weather forecasts are somewhat vague as they seemingly call for better precipitation being “just around the corner.” It does seem that February holds better precipitation chances for Argentina, but a return to widespread general rains seems doubtful and this will keep the market on edge regarding production potential. The Buenos Aires Cereals Exchange estimates soybean production at 46.2 MMT (USDA est. 50.5). Wheat futures were 5-6 cents lower today but WH gained 37 cents for the week. The U.S. sold 133 tmt of wheat to unknown destinations overnight. There are still rumblings regarding Russia slowing export activity with a meeting to cover this topic rumored for next week. Very cold weather in this region also remains a concern. Comments from Mid-Co Commodities Thank You and Have a Good & Safe Weekend!

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	@C - CORN - CBOT Month Open High Low Last Change Time More Mar 12 633'4 642'2 631'0 641'6s 7'2 03:53P May 12 639'0 648'0 636'4 647'4s 7'4 03:14P Jul 12 643'2 651'6 640'4 651'0s 7'2 03:56P Sep 12 588'0 594'4 587'0 594'0s 5'2 01:40P Dec 12 566'0 571'6 564'0 571'0s 5'0 02:47P Mar 13 577'2 583'2 576'4 583'0s 4'6 03:54P May 13 585'0 590'2 584'2 590'2s 5'0 01:40P Jul 13 589'2 595'0 589'0 595'4s 5'2 01:40P @S - SOYBEANS - CBOT Month Open High Low Last Change Time More Mar 12 1221'6 1225'6 1215'0 1219'0s -3'6 03:21P May 12 1231'0 1235'0 1224'6 1228'4s -3'4 03:43P Jul 12 1239'6 1244'2 1234'4 1238'2s -3'4 03:36P Aug 12 1238'6 1238'6 1233'4 1236'2s -3'2 01:40P Sep 12 1231'4 1231'6 1225'0 1228'2s -1'4 01:40P Nov 12 1219'6 1225'0 1217'4 1222'2s 0'4 03:52P Jan 13 1228'2 1230'0 1225'2 1229'2s 0'4 01:40P Mar 13 1234'4 1235'0 1231'6 1234'6s 0'2 03:51P @W - WHEAT - CBOT Month Open High Low Last Change Time More Mar 12 653'2 656'4 645'0 647'2s -6'2 03:12P May 12 665'4 668'6 659'2 661'6s -5'0 03:46P Jul 12 677'0 681'0 673'2 674'6s -5'2 03:49P Sep 12 690'4 695'0 687'6 690'6s -3'6 03:50P Dec 12 709'0 712'4 704'4 708'4s -2'4 01:40P Mar 13 726'0 726'4 719'6 724'0s -2'0 01:40P +DJ - DJ INDUSTRIAL AVERAGE - CBOT Month Open High Low Last Change Time More Mar 12 12692.00 12717.00 12577.00 12614.00s - 70.00 03:15P Jun 12 0.00 0.00 0.00 12544.00s - 71.00 03:15P Sep 12 0.00 0.00 0.00 12481.00s - 71.00 03:15P @DX - US DOLLAR INDEX - ICEFU Month Open High Low Last Change Time More Mar 12 79.620 79.630 78.890 78.935 - 0.578 03:59P Jun 12 0.000 0.000 0.000 79.369 - 0.531 03:59P Sep 12 0.000 0.000 0.000 79.769 - 0.531 03:59P CRD - WTI CRUDE - IPE Month Open High Low Last Change Time More Mar 12 99.66 100.63 99.14 99.49s - 0.21 04:59P Apr 12 100.12 100.95 99.49 100.00s - 0.04 04:59P May 12 100.52 101.27 99.89 100.40s - 0.02 04:59P My Custom Markets Symbol Open High Low Last Change Time More

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