Summary: Corn traded in territory not seen since May 2014 as the USDA came to the realization the 2019 crop may be in trouble. For the week, July wheat jumped higher by 34 cents while the nearby corn contract rocketed up 37 cents. Spec funds joined weather in running the soy complex higher. The July soybean contract improved 41 cents. July meal gained $11.20 per ton. July cotton increased 41 cents per hundredweight. Over in the dairy parlor, July Class III milk futures added 21 cents. Another mixed week in the livestock market. August cattle gained 98 cents. August feeders declined $1.72.
