Collapsing DDG Prices Weigh on Corn and Soybean Futures
Dec 31, 2013
Soybean futures closed hard to end the year as continued rejections of US Dried Distiller Grain have weighed on domestic prices. This should be a corn story, but many traders are now concerned that a lower DDG market will take some demand away from soy meal in coming months. That seemd to weigh on futures today as both the March and November (new crop) soybean contract closed well below technical support.
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