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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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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.
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