Summary: The commodity markets dealt with reduced biofuel production, renewed Chinese buying, and rainy weather in South America. Added to it was the shortest bear market in history on Wall Street and optimism over the CARES Act. For the week, May wheat shot up 32 cents and the nearby corn contract found 3 cents. The May soybean contract jumped 19 cents. May soybean meal lost $2.10 per ton. May cotton fell $2.35 per hundredweight. Over in the dairy parlor, April Class III milk futures dropped 81 cents. The livestock sector was mixed.
