Market Analysis: Ted Seifried




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Summary: Sales to China and predictions of bad weather in the U.S. moved the commodity markets slightly higher. For the week, July wheat gained 6 cents and the nearby corn contract improved a penny. Pressure by the Trump Administration on China to live up to the Phase 1 deal and threats of freezing weather helped move the July soybean contract higher by a cent. July soybean meal weakened $1.70 per ton. July cotton increased 43 cents per hundredweight. Over in the dairy parlor, June Class III milk futures rallied $1.53. Another volatile week in the livestock sector. June cattle jumped $7.40.