Summary: Widespread rains and moderate temperatures provided near perfect growing conditions sending the bears into the market. For the week, September wheat shed 11 cents while the nearby corn contract plummeted 19 cents. Trade with China keeps weighing on the soy complex while timely moisture didn’t help support prices. The August soybean contract decreased 16 cents. August soybean meal dropped $4.20 per ton. December cotton lost 40 cents per hundredweight. In the dairy parlor, August Class III milk futures declined 34 cents. A mixed week in the livestock sector.
