Market Analysis: Arlan Suderman




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Summary: After a several days of chopping around, a bullish WASDE and sales to China moved the commodity markets higher by the final session. For the week, September wheat jumped 43 cents while the nearby corn contract gained 13 cents. Bullish yield and ending stocks news in the report lit a fire under the soy complex as the September soybean contract moved 29 cents higher. September meal gained $1.80 per ton. December cotton added $2.62 per hundredweight. Over in the dairy parlor, September Class III milk gained $1.13. More mixed news in the livestock sector. October cattle gained a quarter.