Market Analysis: Ted Seifried




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Summary: Combine yield monitors appear to be across the board as harvest pressure and Russian rumors of rationing quotas on exports influenced the trade. For the week, December wheat added 15 cents while the nearby corn contract lost a penny. Harvest weather looked good as combines gobbled up acres while still looking for a fully reopened gulf to ship their product. The November soybean contract weakened 1 cent. December meal shed $3.20 per ton. December cotton strengthened $3.66 per hundredweight. Over in the dairy parlor, October Class III milk futures improved 16 cents.