News & Politics
The USDA report came and went with little reaction from the trade. Ending stocks for wheat were increased while the supply and demand tables remained the same in corn and beans. For the week, the nearby wheat contract fell 19 cents while March corn added 6 cents. China did return to some buying of U.S. grain, but it was meal that led the soy complex. The January soybean contract added a penny. January meal improved $8.20 per ton. March cotton expanded by $2.03 per hundredweight. Over in the dairy parlor, January Class III milk futures jumped $1.11. A mixed week in the livestock sector.