# News Archives for Markets - 2020-01-01 - Business Recorder

> Gold rose to a three-month high as the dollar weakened, and US wheat, corn and soybean futures were set for annual gains after the initial US-China trade deal. Malaysian palm oil slipped on profit-taking on the last trading day of 2019.

- Date: 2020-01-01 · published 2020-01-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5456-news-archives-for-markets-2020-01-01-business-recorder
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expectations of greater US farm exports support corn, soybean and wheat prices, while palm oil's weaker close points to softer vegetable oil pricing.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/markets/commodities/2020-01-01

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