Market Analysis: Angie Setzer




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Summary: South American weather, once again, worked at cross purposes with healthy exports and left the grain markets lower just before the Holiday. For the week, March wheat fell 16 cents and the nearby corn contract dropped 11 cents. News of a record crop in Brazil and more good weather in Argentina continued to hold the soybean complex at bay as the January contract finished 49 cents lower. January meal was carried along by the news and lost $9.80 per ton. In the softs, March cotton shook off $1.17 per hundred weight. Over in the dairy parlor, January Class III milk futures poured off 31 cents.