Summary: The trade fed on goodwill gestures between China and the United States, a USDA report, and drier weather conditions. For the week, December wheat was up 20 cents while the nearby corn contract gained 13 cents. China’s removal of a 30 percent tariff on U.S. soybeans helped extend a rally in the soy complex. The November soybean contract rocketed higher 41 cents. December meal added $8.50 per ton. December cotton improved $3.70 per hundredweight. Over in the dairy parlor, October Class III milk futures gained $1.44. The livestock sector ended in the green as October cattle improved $3.20.
