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Market Analysis - Darin Newsom (June 2, 2017)

Market Analysis - Darin Newsom (June 2, 2017)

South American exports and predictions of dryer conditions across the U.S. only worked to push the commodity markets lower. For the holiday shortened week, July wheat fell 9 cents and the nearby corn contract, dropped 2 cents. Oversold conditions, a larger than expected crush and good weather pushed the soybean complex slightly lower as the July contract gave back a nickel. July meal bucked the trend adding a dime.  In the softs, July cotton shrank 40 cents per hundred weight. Over in the dairy parlor, June Class III milk futures squeezed out a penny.