Summary: A weaker U.S. dollar pushed many commodities higher at week’s end, highlighting a spread with the Real. For the week, July wheat lost 6 cents while the nearby corn contract gained 6 cents. Some technical buying following strength in corn pushed the soy complex higher as optimism forms over Chinese buying. The July soybean contract increased 27 cents. July soybean meal improved $5.90 per ton. July cotton jumped $4.20 per hundredweight. Over in the dairy parlor, June Class III milk futures added $1.35. A down week in the livestock sector.
