DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Fri Aug 1, 2014 01:13 PM CDT

General Comments:

Corn closed lower, reaching a four-year low after USDA old-crop export sales for the week ending July 24 were reported lower than what the trade had expected. Continued pressure is coming from near-ideal weather which is expected to boost corn yields this fall. However, some areas of the Midwest do need rain as corn fields are beginning to dry out where rain has been scarce recently. Soybean futures closed higher as USDA exports sales for the week ending July 24 showed 187,400 metric tons of soybeans sold for delivery in the 2013-14 season, which was higher than trade ...

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