DTN Daily Feedstuffs Comments
Thu Mar 5, 2015 11:31 AM CST


Soybeans moved lower under pressure from a higher U.S. dollar reaching its highest point since 2003 and a lower Brazilian real, which is the currency of Brazil. The lower currency value in Brazil has encouraged farmers there to sell soybeans at a better value. U.S. farmers engaged late last week and earlier this week, but have since slowed selling as the cash price dropped. Soybeans closed down 18 1/4 cents in the May contract, at $9.94 per bushel, and down 17 1/2 cents at $9.96 3/4 in July. Corn futures were lower, but found underlying support from the ...

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