DTN Closing Grain Comments 01/16 13:45
Grains Trade Lower on Fine Print
March corn and KC wheat posted double-digit losses Thursday, surprised by
disappointing trade agreement details and feeling bearish pressure from
favorable prospects for South American crops. March soybeans were down 4 3/4
cents, but meal managed a 50-cent gain, helped by news that last week's export
sales of soybean meal reached a new marketing year high.
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