DTN Grain Close: Buyers Walk Away From Old-Crop Soybeans
July soybeans posted their lowest close in over 10 weeks with buyers largely absent on the day, a sign that tight supply concerns for old-crop beans have eased dramatically. July corn and Kansas City wheat both finished higher with bargain hunters responding to this week’s lower prices.
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The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,