Market Analysis: Tomm Pfitzenmaier




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Summary: A more expensive dollar, an increase in the size of the South American crop and good export numbers left the market mixed. For the week, December wheat was off 7 cents and the nearby corn contract finished flat for the third consecutive week. News of a record large Brazilian soybean crop was balanced against positive export numbers as the November soybean contract rose 3 cents. December meal gained 60 cents per ton. In the softs, December cotton lost $1.10 per hundredweight. Over in the dairy parlor, November Class III milk futures fell 18 cents.