Summary: Results from the U.S. crop tour were eclipsed by new Chinese tariff fears and President Trump’s order for all U.S. companies to immediately look for an alternative to China. For the week, September wheat gained a nickel while the nearby corn contract fell 11 cents. Renewed threats of higher tariffs compounded losses in the soybean market as the September soybean contract dropped 24 cents. September meal lost $5.00 per ton. December cotton dropped $1.92 per hundredweight. Over in the dairy parlor, September Class III milk futures lost 41 cents.
