DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Thu Jul 24, 2014 12:48 PM CDT

General Comments:

Corn futures closed higher Wednesday after prices fell to their lowest level in 4 years. Given the fact that the corn crop is in its best condition in ten years, the market is speculating that cheap corn prices will entice new demand for export. After hitting their lowest price in 2 years, soybeans moved higher with a little help from drier weather forecasts, which could hurt the late-planted soybeans. The cheap prices of late have also created more demand for upcoming U.S. new-crop soybeans. September corn was up 2 1/4 cents at $3.62 1/2 and December corn was ...

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