DTN Closing Grain Comments 03/04 14:19
Fed Chairman Puts a Chill on the Soybean Rally
Earlier Thursday, May soybeans traded 30 1/2 cents higher, and May soybean
oil was on its way to a new contract high. After Federal Reserve Chairman
Jerome Powell spoke to a luncheon, his comments sent U.S. stocks and grain
prices lower and sparked a rally in the U.S. Dollar Index and Treasury yields.
DTN offers additional daily information available free through DTN Snapshot – sign up today.