DTN Closing Grain Comments 02/14 13:57
Early Morning Strength Rebuffed, Corn and Soy Fall to End Week
The corn and soybean markets finished slightly lower in dull, uneventful
trade before the long weekend. Wheat finished slightly lower. As coronavirus
expanded to 64,000 infected, with upwards of 1,400 deaths, and forecasts for
South America showing more beneficial weather for growing crops, the big hope
for U.S. soybeans and ag products is the release of duty-free import licenses
after the holiday. Corn is under pressure on rumors that China may have bought
500,000 mt (19.7 mb) of Ukrainian corn this week.
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