DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Fri Jan 30, 2015 12:23 PM CST


Soybeans were lower after finding early strength from good export sales numbers, but closed lower, once again dragged down by the soy oil futures. Soybean export sales were at 32.6 million bushels, higher than the prior week, but that wasn't enough to keep beans positive at the end of the day. Thursday's soybean close was the lowest in three months as beans are still under pressure from a large South American crop soon to be harvested and likely displacing U.S. soybean exports. Soybeans closed down 2 cents in the March contract at $9.68 1/4 and down 2 1/2 ...

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