Market Analysis: Don Roose




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Summary: A government report was again met with volatile swings as exports and weather were traded for much of the week. May wheat lost 15 cents while the nearby corn contract fell a penny. Soy oil pushed the complex higher as meal struggled to keep pace as the scope of the African swine fever outbreak in China continues to grow. Nearby soybeans declined 9 cents.  May soybean meal dropped $14.70 per ton. May cotton expanded by 36 cents per hundredweight. In the dairy parlor, March Class III milk futures added 15 cents. A green week in the livestock sector. April cattle improved 17 cents.