Market Analysis: Sue Martin




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Summary: The big three commodities reached closes that were significantly higher at some point during the week as different stories involving China and Brazil weighed on the trade. For the week, December wheat increased 31 cents while the nearby corn contract gained 7 cents. A big selloff on Monday pushed the soybean complex into catch up mode the rest of the week. The November soybean contract lost 16 cents. December soybean meal increased $3.80 per ton. December cotton expanded $2.28 per hundredweight. Over in the dairy parlor, November Class III milk futures improved $1.18.