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Soybeans firmed on commercial spread trade while corn rebounded modestly on short covering and technical buying. Private estimates put Brazil's crop near 117 million tons, and US-China trade talks are awaited ahead of a March 1 deadline.
Hot, dry weather in parts of Brazil and wet conditions in Argentina were also cited.
Routine price moves driven by short covering, with Brazil weather and trade-talk hopes as background support for both corn and soybeans.
brownfieldagnews.comJan 16, 2019Not 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.
