DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Thu Jun 19, 2014 11:33 AM CDT

General Comments:

Corn closed higher thanks to support from higher wheat and soybean markets as the market has had little news to let it move on its own merits. One thing providing underlying support to the corn market is the lack of activity in the cash market as farmers hold on to old-crop supplies for now, thanks to lower prices. Old-crop soybeans found a happy place after the USDA reported that 140,000 metric tons of old-crop corn was sold to unknown destinations. While new-crop prospects continue to look good, old-crop supplies remain tight and new demand could strain stocks even ...

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