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Chicago soybean futures rose nearly 1% on Friday and were set for a weekly gain on expectations of strong Chinese demand. Wheat gained on Black Sea supply concerns and Australian crop rain damage, and was on track for its first weekly rise since early October.
Expected Chinese purchases support soybean prices, while supply worries in the Black Sea and Australia lift wheat, though the market remains sensitive to COVID-related demand news.
brecorder.comReutersNov 4, 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.
