NEWS
DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Wed Jul 29, 2015 12:20 PM CDT

GENERAL COMMENTS:

Soybeans recovered after the USDA left conditions unchanged for soybeans. The trade was expecting the USDA to show a 1 to 2 percentage point bump in the good to excellent ratings in Monday's report. Better ratings in the Eastern Corn Belt were offset by lower ratings in the Western Corn Belt and the Midsouth. The USDA report showed that eleven states reported lower crop conditions with six states reporting improvements. Soybeans closed up 13 1/2 cents in the August contract at $9.74 3/4 and up 11 1/2 cents in the November at $9.44 3/4. Corn futures recovered to ...

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