Market Analysis: Angie Setzer




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Summary: The grains again shook off poor export news and traded at levels not experienced since 2013. The move higher was aided by concerns over weather in both North and South America. For the week, July wheat added 27 cents while the nearby corn contract jumped up 59 cents. China is still in the market for soybeans and the supply risk remains. July soybeans improved 56 cents. July meal gained $15.70. July cotton expanded by $1.58 per hundredweight. Over in the dairy parlor, May Class III milk fell 40 cents. A mixed week in the livestock sector as June cattle dropped 55 cents.