Printable Page Grain   Return to Menu - Page 1 2 3 5 6 9 10 11 12 13
DTN Closing Grain Comments    02/27 13:40
   Soybeans, Meal Buck Bearish Trend Amid Continued Meltdown

   Despite the ongoing meltdown in world financial and commodity markets,
soybeans and soybean meal were able to rebuff bearish influences to close
higher. The likely impetus for that strength was twofold: Argentina's decision
to suspend export licenses, along with expectations for a 3% rise in soy and
product export taxes, and the fact that on Tuesday China will begin to accept
tariff-free license requests to import U.S. soybeans and ag products. The Dow
Jones average at one point on Thursday had plunged 10 1/2% from the recent
high, while spot crude has plunged nearly $9 from the high six days ago.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
Copyright DTN. All rights reserved. Disclaimer.
Futures and commodities trading involves significant risk of loss and is not suitable for every investor. Information herein is strictly the opinion of its author and is intended for informational purposes. Information is obtained from sources believed to be reliable but is in no way guaranteed. Neither Northern Crops Marketing nor its employees are liable or responsible for its use. Opinions, data, and recommendations are subject to change; past performance is not indicative of future results.
Powered By DTN