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US grain markets showed little reaction after the Phase 1 deal was made official, with traders saying China would buy only when needed. Wheat has risen year to date for its own reasons unrelated to the deal.
The muted response shows that trade headlines alone are not moving grain prices, so near-term soybean, corn and wheat prices depend more on actual purchase flows.
marketwatch.comMyra P. SaefongJan 16, 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.
