Summary: China kept buying grain, just not from the U.S., as the lack of action weighed on the trade. March wheat plummeted 31 cents while the nearby corn contract dropped 13 cents. A wetter trend in Brazil watered down the soy complex. The January soybean contract fell 29 cents. January soybean meal declined $10.80 per ton. March cotton shrank $1.69 per hundredweight. In the dairy parlor, January Class III milk futures declined 59 cents. A down week in the livestock sector. February cattle fell 85 cents. January feeders weakened a nickel. And the February lean hog contract shed 67 cents.
