Market Analysis: Jeff French


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Traders seem to think the Plains’ wheat crop is in good enough shape while a series of major USDA reports wait in the wings. For the week, the nearby wheat contract sold off 8 cents while March corn added 14 cents. Changes in weather patterns were not enough to overcome a private estimate of a smaller South American crop. But whoa, Nelly, here came Friday with a volatile session. The March soybean contract jumped higher by 71 cents. March meal increased $25.90 per ton. March cotton expanded by $2.52 per hundredweight. Over in the dairy parlor, February Class III milk futures rose 86 cents.