DTN Closing Grain Comments 01/23 13:48
Soybeans Fade Again; Corn Excited by Daily Sales, Technical Signal
Soybeans continued to wilt under the pressure of renewed veg oil weakness,
the lack of China buying interest, the new virus in China, and more
record-large projections for Brazil soy production. Corn rallied following the
announcement of 11.2 mb of corn sold to Guatemala and unknown destinations.
Traders are hoping that the unknown might be China.
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