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Market Analysis: Angie Setzer (May 26, 2017)

Market Analysis: Angie Setzer (May 26, 2017)

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.