# What Is The PDO And Why Chances Are Low For A Major Summer Rally In Grains | Seeking Alpha

> 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.

- Date: 2020-06-12 · published 2020-06-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11068-what-is-the-pdo-and-why-chances-are-low-for-a-major-summer-rally-in-grains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼

## Sources

- seekingalpha.com: https://seekingalpha.com/article/4353559-what-is-the-pdo-and-why-chances-are-low-for-a-major-summer-rally-in-grains

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.