Market Analysis: Sue Martin




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Summary: The commodity markets were mostly steady as demand bears pushed back against supply bulls. For the week, December wheat was flat while the nearby corn contract gained 2 cents. As the threat of a September freeze fades and Chinese trade negotiators backed out of a U.S. farm tour the November soybean contract fell back 16 cents. December meal lost $6.50 per ton. December cotton dropped $1.76 per hundredweight. Over in the dairy parlor, October Class III milk futures lost 50 cents. The livestock sector ended mixed as October cattle added $1.27. October feeders put on $4.62.