Market Analysis: Don Roose


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Chinese buying, private predictions of lower yields, and chances for rainy weather made for a mixed finish in the commodity markets. For the week, September wheat gained 15 cents as the nearby corn contract added 8 cents. Soybeans had a volatile week as the soy complex battled the same factors which pushed the September contract lower by 11 cents. September meal gained $4.50 per ton. December cotton added $2.31 per hundredweight. In the dairy parlor, September Class III milk gained 13 cents. Another mixed week in the livestock sector as October cattle gained 68 cents.