Summary: China made major purchases in corn and wheat but it was wet weather that moved the markets. For the week, September wheat gained a penny while the nearby corn contract lost four cents. The soy complex received some attention from Chinese buyers to feed the bulls. The August soybean contract improved 11 cents. August soybean meal shed $6 per ton. December cotton lost $2.37 per hundredweight. In the dairy parlor, August Class III milk futures gave back 37 cents. A rally in the livestock sector. August cattle increased $3.28. August feeders expanded $6.95.
