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Soybeans, meal, oil, corn and wheat rallied on commercial and technical buying late in the session on January 17. Traders cited dry weather in Brazil, wet conditions in Argentina, and reports that the US might lift tariffs on China ahead of the March deadline.
Weather risks in the two main South American competitors and hopes for a US-China trade deal support feed grain and meal prices. African swine fever and slower Chinese growth remain downside risks to demand.
brownfieldagnews.comJan 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.
