DTN Closing Grain Comments 02/23 13:47
Corn, Soybeans, Soy Products and Minneapolis Wheat All Hit New Lows
Grain and soybeans plunged in unison to end the week. Corn, soybeans and soy
products all registered new contract low while Minneapolis spot wheat futures
also carved out a new low. Pressure from additional fund selling, favorable
South American weather and a plunging Brazilian market all weighed on corn and
soybeans. For wheat, this may just be another in a long line of failed
reversals, although for the week both Chicago and KC finished higher.
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