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Chicago, Kansas City, Minneapolis and MATIF wheat, corn and soybeans closed sharply higher as shorts covered amid optimism over a US-China trade deal. Winnipeg canola and MATIF rapeseed also rose, and crude oil was steady.
Rumoured Chinese purchases may include ethanol, meat and grains, but no formal details have emerged.
Short covering and trade optimism lift grain and oilseed prices, though the lack of confirmed purchase details leaves the rally vulnerable to reversal.
graincentral.comGuest AuthorDec 17, 2019graincentral.comGuest AuthorDec 17, 2019Not 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.
