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  • 1 year ago
Market Analysis: Tomm Pfitzenmaier

Market Analysis: Tomm Pfitzenmaier

Despite profit taking, good weather and a bearish stocks report the commodity markets finished mostly higher by the final session. For the week, March wheat rose 12 cents and the nearby corn contract moved 12 and quarter cents higher. A 25 cent gain in the soy complex was undone by South American weather and the WASDE report revealing higher global stocks. However, the January soybean contract managed to finish a dime higher for the week. January meal stayed with the trend adding $6.30 per ton. In the softs, March cotton lost 24 cents per hundredweight.