NEWS
DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Mon Aug 25, 2014 02:11 PM CDT

General Comments:

Corn closed higher with some of the support coming from the higher wheat and soybean markets. Pro Farmer's final corn yield of 169.3 bpa was lower than most of the trade had expected. The DTN average cash corn price ended the week 2 cents higher from one week ago Friday and the basis was 2 cents stronger. Front-month soybeans were sharply higher as the tight cash supply continues to push the market higher, while the nearby soybean basis continues to surge higher. New-crop soybeans were slightly higher thanks to USDA reporting China bought 120,000 metric tons of soybeans ...

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