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DTN Closing Grain Comments 04/16 13:44
US Soybean Prices Fall, Face Southern Harvest Pressure
May soybeans fell 13 1/4 cents to a new one-month low, dragged down by a
0.56-cent loss in May soybean oil, while soybean harvests continue to make
progress in Brazil and Argentina. May corn was down a half-cent and U.S. wheats
were quietly mixed.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
May corn closed down 1/2 cent and December corn was down 2 cents. May
soybeans closed down 13 1/4 cents and November soybeans were down 8 3/4 cents.
July KC wheat closed up 2 1/4 cents, July Chicago wheat was down 2 3/4 cents
and July Minneapolis wheat was up 1 cent.
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