Summary: China keeps buying U.S. grain and volatility reigns supreme in the commodity markets. March wheat gained 29 cents while the nearby corn contract skyrocketed 47 cents or 9 percent. The rains have returned to South America while U.S. soybeans are still selling to export locations. Nearby soybeans improved 58 cents. March soybean meal rose $9.40 per ton. March cotton shrank by 92 cents per hundredweight. More losses in the dairy parlor as February Class III milk futures dropped $1.06. A mixed week in the livestock sector. April cattle fell 68 cents. March feeders dropped $6.42.
