DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Tue Jun 24, 2014 01:42 PM CDT

General Comments:

Corn closed lower as the market seems to think that the lost production in the northern Midwest due to hail and flooding may not have as much of an impact on final production as previously thought. After the close, the USDA rated corn at 74% good or excellent through June 22, slightly downgraded from one week ago, but expected by traders. Soybeans were higher on positive economic news out of China which may lead to new demand from China for U.S. soybeans. USDA rated soybeans 72% good or excellent, slightly lower than the ratings from one week ago. ...

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