NEWS
DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Fri Jan 23, 2015 01:49 PM CST

GENERAL COMMENTS:

Soybeans closed lower as the weather in Brazil is improving, which could raise prospects for a large soybean crop there. DTN weather forecasts are calling for generally favorable conditions for developing crops from southern Parana southward and Argentina at this time. However, DTN meteorologist Joel Burgio said there is a trend towards somewhat hotter and drier weather in corn and soybean areas, which will bear watching. The market is still expecting China to possibly cancel more US soybean purchases as the Brazil harvest nears. Soybeans closed down 6 3/4 cents in the March contract at $9.76 3/4 and down ...

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