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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.
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