Loading…
Soybeans and corn closed modestly higher on the day after the USDA report, driven by short covering and technical buying. Reports of new US-China trade talks, with Beijing open to cutting auto tariffs, added some support, and the USDA raised Brazil's soybean production and exports.
Possible progress in US-China trade talks could revive soybean and corn export demand, which supports prices. Strong Brazilian supply, however, limits the upside.
brownfieldagnews.comDec 11, 2018Not 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.
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.
