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US corn, soybean and wheat futures rose for a second session on a short-covering bounce after a sharp sell-off earlier in the week. Prices broke through chart resistance as markets awaited progress in US-China trade talks and grain purchases.
Trade-war uncertainty had cut Chinese demand for US grain, and any confirmed purchases or tariff relief would support prices. Lower South American crop forecasts also add upside support for feed grains and meal.
agcanada.comAGCanadaJan 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.
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.
