Market Analysis: Shawn Hackett




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Summary: The excitement from a bullish acreage report faded at week’s end as an appeals court vacated an EPA rule on selling E15 year-round. For the week, September wheat added 12 cents while the nearby corn contract jumped 62 cents or nearly 12 percent. The soy complex responded with substantial moves higher on an unchanged acreage report before giving way to some profit taking. For the week, the August contract gained $1.31. August meal increased $32.60 per ton. December cotton shed 21 cents per hundredweight. Over in the dairy parlor, August Class III milk added 11 cents.