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China's Dalian Commodity Exchange opened soybean futures and options to foreign traders. Speculators raised bullish soybean and corn bets after USDA's January reports showed smaller US crops, and Argentine drought drove fund buying in soybean meal.
Foreign access to Dalian lets overseas traders hedge China-linked soybean prices, while fund buying and tight US and Argentine supplies support Chicago soybean and meal prices.
investing.comPavan ParikhJan 31, 2023Not 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.
