Market Analysis: Mark Gold




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Summary: Widespread rain chances and a private estimate of a larger crop pressured the commodity markets. For the week, September wheat fell 48 cents while the nearby corn contract dropped 30 cents. An increased crop size prediction was not enough to off-set sales to China in the soy complex. The September soybean contract declined 79 cents. September meal shed $4.30 per ton. December cotton declined $1.18 per hundredweight. Over in the dairy parlor, September Class III milk lost 49 cents. An up week in the livestock sector. October cattle gained 92 cents. September feeders added $2.42.