China Cancels Old Crop Soybean Sale, Markets Head Lower
Feb 12, 2014
China canceled an export sale of 272,000 MT for old crop soybeans. China did buy 240,000 MT in the new crop, however. This news led corn and wheat lower as well. Soybeans and corn have settled into a consolidation period. Ethanol production did increase this week. Tomorrow, export sales will drive the price action. Tune in for a full breakdown. Visit us at GrainHedge.com today to get live grain quotes on your mobile device today!
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