Market Analysis: Elaine Kub




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Summary: Cool weather and a presidential promise prevented some commodities from adding to last week’s losses. For the week, December wheat lost 15 cents while the nearby corn contract was 2 cents higher. The potential for renewed U.S.-China negotiations was combined with questions about the length of the growing season to give the November soybean contract a 13 cent bump. December meal lost a dime per ton. December cotton added 62 cents per hundredweight. Over in the dairy parlor, October Class III milk futures gained 22 cents. The livestock sector remained mixed as October cattle shed 47 cents.