Market Analysis: Arlan Suderman




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Summary: Traders took a tepid response at news of export sales to Mexico while harvest pressure carried more weight and a return of the “oats knows” comments. For the week, December wheat lost 21 cents while the nearby corn contract decline 11 cents. China appears to be back buying U.S. soybeans while the Brazilians intend to plant more of the crop. The November soybean contract dropped 4 cents. December meal shed $8.20 per ton. December cotton added $5.88 per hundredweight. In the dairy parlor, November Class III milk futures moved 50 cents higher. A mixed week in the livestock sector.