Market Analysis: Shawn Hackett




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Summary: Even with weather, potential sales to Asia and a weaker dollar the commodity markets were relatively quiet. For the week, December wheat lost 2 cents, while the nearby corn contract gained 3 cents. Dry weather in Brazil and potential sales to China did little to fire up the soy complex as the January contract closed two cents higher. December meal improved 60 cents per ton. December cotton dropped 67 cents per hundredweight. Over in the dairy parlor, November Class III milk futures increased 68 cents, to a 5-year high.