DTN Closing Grain Comments 01/24 13:52
24 Jan 2020
DTN Closing Grain Comments 01/24 13:52 No China Trade, Increasing Brazilian Crop, Oil Correction All Weigh on Soy, Corn With the Chinese Lunar New Year celebration about to begin, the lack of any hint of Chinese interest in U.S. soybeans, along with growing Brazilian soy production estimates and the continued veg oil correction all combined to send March beans ever closer to $9.00. Also pressuring grains and soybeans is the expanding new coronavirus in China, which is now responsible for 26 deaths and over 900 infections, including two in the U.S.