Summary: Much of the week’s gains were wiped out in the final session following the USDA report with the exception of wheat. For the week, September wheat jumped 42 cents or 8.5 percent while the nearby corn contract declined 6 cents. Weather concerns and higher ending stocks weighed on the soy complex. The August soybean contract fell four cents. August soybean meal shed $3.60 per ton. December cotton gained $1.37 per hundredweight. Over in the dairy parlor, August Class III milk futures kept the rally going with a $1.87 gain. A mixed week in the livestock sector.
