Summary: The market shrugged off government payments plans in favor of trying to figure out if China was in or out of the U.S. grain market. For the week, July wheat gained 9 cents and the nearby corn contract was down a penny. Limited global demand has given the soy complex cold, wet feet. The July soybean contract fell a nickel. July soybean meal declined $3.40 per ton. July cotton lost 64 cents per hundredweight. Over in the dairy parlor, June Class III milk futures added 30 cents.
