Market Analysis: Matt Bennett




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Summary: The tightening of world stocks of wheat, a bigger corn crop and a USDA report influenced the trade. For the week, the nearby wheat contract jumped higher by 51 cents while the December corn added 24 cents. The USDA report painted a smaller yield picture for soybeans along with a reduction in exports as the January soybean contract improved by 39 cents. December meal added $29.40 or nearly 9 percent per ton. December cotton expanded 82 cents per hundredweight. Over in the dairy parlor, December Class III milk futures gained 6 cents. A mixed week in the livestock sector.