NEWS
DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Tue Jul 29, 2014 11:47 AM CDT

General Comments:

Soybeans were sharply higher Monday as demand from China continues with another USDA announced sale of $486,000 metric tons reported Monday morning for 2014-15. Adding to the strength for soybeans is concern that forecasts for dry weather in August may hurt the late-planted soybeans. The USDA reported Monday afternoon that 71% of the corn crop is in good or excellent condition as of July 27 versus 73% one week ago. Even still, the soybean rating is the highest for this time of year since 1997. Corn closed higher, finding some strength in the soybeans with little fresh news ...

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