DTN Closing Grain Comments 02/15 13:47
15 Feb 2024
DTN Closing Grain Comments 02/15 13:47 The Beat Goes On: Grain, Soy Markets Continue to Sink; New Lows Again in Corn, KC, Minneapolis Wheat Grain and soy markets fell again on Thursday, with corn, KC and Minneapolis wheats forging new contract lows. The USDA Ag Outlook Forum balance sheet estimates were, as expected, bearish, but it is far too early to put much credence into those numbers. However, the much looser ending stocks estimate in each market encouraged sellers. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed down 6 1/2 cents per bushel, March soybeans were down 8 1/4 cents per bushel. March KC wheat closed down 12 cents per bushel, March Chicago wheat was down 18 1/2 cents per bushel and May Minneapolis wheat finished down 5 cents.