Summary: President Trump’s announcement of increased tariffs and growing weather across the country pressured the commodity markets lower. For the week, September wheat fell a nickel while the nearby corn contract plummeted 15 cents. The President’s threat to enact tariffs on another set of Chinese goods on September 1st sent the September soybean market on a 33 cent tumble. September meal fell $10.40 per ton. December cotton declined a $5.12 per hundredweight. Over in the dairy parlor, September Class III milk futures fell 20 cents. The livestock sector took it on the chin.
