Market Analysis: Ted Seifried




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Summary: Optimism over the China trade deal met head on with anticipation of the size of the 2019 crop for most of the week. The drone strike in Iraq created risk off conditions by the final session. For the week, March wheat fell 2 cents, while the nearby corn contract dropped 4 cents. Tensions in the Middle East, and anticipation over the January 10 crop production summary, kept the March soybean contract even. March meal gained 80 cents per ton. March cotton expanded 28 cents per hundredweight. Over in the dairy parlor, February Class III milk futures fell 13 cents.