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DTN Closing Grain Comments 02/15 13:40
Wheat Continues Rapid Slide; Corn, Soybeans Stabilize
A combination of fund and technical selling following Thursday's sharply
lower close, a firm U.S. dollar, and weakening European and Russian wheat
values have combined to send wheat lower again Friday, with Kansas City
reaching new contract lows. Corn and soybeans in dull trade finished little
changed and just above the uptrend line. Positive news from China trade talks
was tempered as that discussion continues next week in the U.S.
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