DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Fri Jun 20, 2014 01:30 PM CDT

General Comments:

Corn closed higher on increased demand from the ethanol sector after the EIA reported that production at U.S. plants produced a record amount of ethanol through last week. As more corn is used to make ethanol, the market expects USDA may trim stockpiles in the June 30 report. Also adding concern is how many corn and or soybean acres may have been lost in the flooding in southern Minnesota and northern Iowa. Soybeans closed higher on short-covering along with the same concern seen in corn over weather-damaged crops. While it is too early to tell how many acres ...

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