Summary: A wheat belt tour revealed the potential for a large bounty while China made major U.S. corn purchases. For the week, July wheat fell another 33 cents while the nearby corn contract added 16 cents. Big China sales, more acreage and rainfall weighed on the soy complex. The July contract dropped by 60 cents. July meal lost $19.60 per ton. July cotton expanded by 39 cents per hundredweight. Over in the dairy parlor, June Class III milk decreased by $1.27. An up week in the livestock sector. June cattle increased $2.38. August feeders put on $2.55. And the June lean hog contract gained $5.50.
