Summary: We are producing this program on Wednesday and the grains were lifted by an extension of the run up in soybeans in this holiday-shortened week. March wheat gained 22 cents while the nearby corn contract added a dime. Until further notice, it appears the soy complex is stuck in a loop of South American weather and Chinese buying fundamentals. Nearby soybeans improved 39 cents. January soybean meal went up $15.70 per ton. March cotton shrank 90 cents per hundredweight. Over in the dairy parlor, January Class III milk futures increased $1.40. A mixed week in the livestock sector.
