Market Analysis: Dan Hueber




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Summary: The potential for conflict with Iran and commodity traders positioning themselves for Friday’s WASDE dominated the markets for most of the week. The report overpowered those factors in the final hours of the last session. For the week, March wheat gained a dime. The nearby corn contract had been trending lower but ended flat in the wake of the report. The March soybean contract whip-sawed its way through the week. A 13 percent decline in year-over-year soybean stocks helped add a nickel. March meal gained $2.30 cents per ton.