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Seeking Alpha commentary says the iPath Bloomberg Grains ETN has risen on stronger China demand, Iowa derecho damage and recent dryness. It argues a developing La Niña could support commodity prices into 2020 and 2021 and expects good weather to be bearish for US corn and soybeans over the long term.
The article describes a rally driven by China demand and weather, but its long-term view that favorable US weather will weigh on prices limits the bullish signal for feed grains.
seekingalpha.comAug 31, 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.
