DTN Closing Grain Comments 01/29 14:01
29 Jan 2024
DTN Closing Grain Comments 01/29 14:01 Bearish News From China Adds to Monday's Lower Closes A new three-year low in the price of July soybeans in China plus a court ruling forcing a Chinese real estate giant to liquidate added to already bearish price pressures for corn and soybeans Monday. March corn closed down 6 cents and March soybeans were down 15 cents to a new seven-month low in Monday's trading. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: March corn closed down 6 cents and December corn was down 1 3/4 cents. March soybeans closed down 15 cents and November soybeans were down 4 3/4 cents. March KC wheat closed down 6 1/2 cents, March Chicago wheat was down 6 3/4 cents and March Minneapolis wheat was down 10 1/4 cents.