Summary: Another volatile week of dramatic price swings on weather and USDA reports which may have sent the longs to the exits with dramatic sell-offs three of five days this week. For the week, July wheat fell 55 cents while the nearby corn contract plummeted 89 cents or 12 percent. Beans remain in the teens but predictions of near-trend line yields and rain in the U.S. dropped the July contract by 4 cents. July meal lost $23.30. July cotton shrank by $7.23 per hundredweight. In the dairy parlor, June Class III milk gained 44 cents. A mixed week in the livestock sector.
