NEWS
DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Wed Oct 1, 2014 12:14 PM CDT

GENERAL COMMENTS:

The corn market found a new five-year low after USDA estimated corn stocks at 1.236 billion bushels, higher than what the trade had expected. While corn usage for ethanol has been strong, corn for feed was not as high as expected partially due to the PED virus killing young piglets. With expectations for a record corn harvest, the market continued on its bearish path lower. The soybean market was lower, even though USDA said stocks were at an all-time low at 92 million bushels versus trade guesses of 130 million bushels. Even still, the market was unimpressed as ...

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