DTN Grain Close: All Markets Higher on Weather Concerns
Corn, soybeans, and wheat all finished higher Thursday with concerns about excess rain hurting row crops from South Dakota to Wisconsin and adding to wheat quality concerns in Kansas and Oklahoma. USDA’s weekly export sales report added 3.6 million bushels of new soybean sales, putting more pressure on USDA to increase its export estimate for 2013-14.
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Bolls are sprouting in soggy central and southeastern Texas, where it has rained 9 straight days and even more in some areas. There are numerous insurance issues related to loss