Wheat and bean futures ease amid transition in Sept markets
In the week ending Sept 19, Minneapolis wheat held firm with light selling while soybeans fell sharply amid a transition to a new crop basis. Corn eased on near term pressure, with wheat futures slipping at Minneapolis and Chicago boards showing mixed results.
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Dairy market dips as CCC buys minimal cheese and milk powder
The Dairy Market News reports Madison CCC purchases for the week ending Sept 19 fell to 4 million pounds of cheese and 8.2 million pounds of nonfat dry milk, the lowest since 1984. Butter buys were zero for ninth straight week while 527,768 pounds were sold back, totaling 5,113,277 pounds for the year. Overall milk equivalent purchases reached 39.6 million pounds, down from a week earlier and far below last year.
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CCC
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