Market Analysis: Don Roose




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Summary: Another USDA report kept the market turning higher as drier weather and global demand ate through stocks of grain. For the week, December wheat gained 21 cents while the nearby corn contract improved 16 cents. Dry weather in South America led to talk of a delayed crop. The November soybean contract leaped higher by 45 cents. December soybean meal strengthened $11.80 per ton. December cotton expanded $1.82 per hundredweight. In the dairy parlor, November Class III milk futures increased 44 cents. A mixed week in the livestock sector. December cattle improved $1.50.