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Grain futures sold off on Friday January 24, 2020, leaving the complex lower for the week, with Chicago soft red winter wheat the only gainer. Coronavirus spread in China raised concerns about Lunar New Year demand, and a monthlong French public transport strike has left grain shipments backlogged at rail and port facilities.
Lost Chinese demand and French export logistics disruption could shift buying toward U.S. and Canadian origins, supporting some wheat demand while broad risk-off selling pressures prices.
realagriculture.comBrennan TurnerJan 25, 2020Not 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.
