Market Analysis: Angie Setzer




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Summary: Good export numbers were met with technical resistance in the trade. For the week, the nearby wheat contract rallied 22 cents while the December corn contract added 12 cents. The largest week of exports in a year helped stabilize the soy complex. The November soybean contract improved 3 cents. December meal gained $10.80 per ton. December cotton expanded 93 cents per hundredweight. Over in the dairy parlor, November Class III milk futures moved higher by 26 cents. A selloff in the livestock sector. December cattle dropped $2.65. November feeders shed $4.53.