DTN Closing Grain Comments 01/08 13:57
8 Jan 2020
DTN Closing Grain Comments 01/08 13:57 Soybeans, Wheat Firm; Corn Still Sideways in Light Trade Following two-sided overnight trade, after Iran launched 16 missiles toward two military bases in Iraq, grains and equities stabilized once it was revealed there were no casualties. Corn broke down under the 50-day moving average and below a 3-week range as exports remain poor, and China announced plans to scrap implementation of a 10% ethanol blend by 2020. Soybeans and wheat firmed up as outside market risk subsided.