Market Analysis: Sue Martin




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Summary: Export sales reports took the wind out of many markets this week as lower totals sent some long contract holders for the exits. For the week, May wheat gained a nickel while the nearby corn contract added six cents. Another large outbreak of African swine fever in China is likely going to curtail the demand for U.S. soybeans. Nearby soybeans improved 24 cents.  May soybean meal dropped $2.20 per ton. May cotton shrank by $1.65 per hundredweight. Over in the dairy parlor, March Class III milk futures declined 5 cents. A mixed week in the livestock sector, April cattle fell $3.68.