Market Analysis: Sue Martin




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Summary: Harvest lows appeared to be set early in the week while a post USDA report rally and the run-on milling week push the trade higher for the week. December wheat added 20 cents, while the nearby corn contract improved a dime. Two geopolitical alliances, one with one without China is pressuring American allies in the trade arena and the soy complex reflected the news first. The November soybean contract dropped 3 cents December meal lost 30 cents per ton, December cotton subtracted, a $1.17 per hundred weight. Over in the dairy parlor, October class three milk futures fell 15 cents.