Global competition and predictions of higher acreage put pressure on the grain markets while an outlook for bigger placements was no friend to livestock. July wheat rose 3 cents and the nearby corn contract spent the week lower, clawing its way back to gain 2 cents for the week. Soybeans were unable to keep the bears at bay as the July contract fell 22 cents. July meal slumped $5.20 per ton. In the softs, July cotton fell $2.36 per hundred weight. Over in the dairy parlor, June Class III milk futures added 22 cents.