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Chicago soybean futures eased on Monday on uncertainty over Chinese demand as COVID-19 cases rose and Beijing urged residents to stay home. Wheat rose for the first time in four sessions, though gains were limited by an extension of the Ukrainian grain export corridor.
Fears of Chinese lockdowns weaken the outlook for soybean imports, a bearish factor for soy complex prices. The extended corridor adds Black Sea wheat supply, capping wheat gains.
brecorder.comReutersNov 21, 2022Not 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.
