Market Analysis: Ted Seifried




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Summary: Weather and demand again drove the trade train higher this week. For the week, December wheat increased 8 cents while the nearby corn contract jumped 17 cents. Strong export news helped push the soy complex to a 51-month high at one point this week. The November soybean contract gained 34 cents. December soybean meal improved $18.90 per ton. December cotton expanded $1.37 per hundredweight. Over in the dairy parlor, November Class III milk futures added $1.27. A down week in the livestock sector. December cattle shed $5.05. November feeders dropped $5.38.