Summary: The relations involving Hong Kong and China kept traders' attention for much of the week before a hot and dry forecast changed focus. For the week, July wheat gained 12 cents and the nearby corn contract gained 8 cents. The Chinese purchased several cargoes of Brazilian beans leaving a cheaper U.S. product in the bins. The July soybean contract rallied 8 cents. July soybean meal declined 90 cents per ton. July cotton lost 2 cents per hundredweight. Over in the dairy parlor, June Class III milk futures added $1.30.
