Summary: Profit taking, month-end and pre-election positioning combined to push the market lower. For the week, December wheat dropped 34 cents while the nearby corn contract fell 21 cents. The bean bulls got wet under some South American rain. The January soybean contract decreased 25 cents. December soybean meal weakened $7.80 per ton. December cotton shrank $2.37 per hundredweight. In the dairy parlor, November Class III milk futures added $1.67. A mixed week in the livestock sector. December cattle gained $4.72. January feeders jumped $8.58. And the December lean hog contract sold off $1.45.
