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A Seeking Alpha analysis argues that grain prices have collapsed due to record global crops and favorable weather in the US, Brazil, Argentina, Australia and Europe. The author sees limited odds of a major summer grain rally and points to possible short-term soybean export gains to China.
Ample global supply and good crop weather weigh on wheat, corn and soybean prices, so a sustained summer rally would need a weather or policy shock. Any soybean export boost from China would be a short-term support rather than a trend change.
seekingalpha.comWeather WealthJun 12, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
