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Grain prices slumped on COVID-19 concerns, prompting some bargain buying by importers such as Tunisia, South Korea and Algeria. Traders said the buying was limited and inventories were not being expanded.
Oil-producing countries were reported to be cautious about spending.
Bargain buying provides modest floor support for grain prices, but without stock-building the rebound is likely to stay limited while demand uncertainty persists.
grainews.caReuters, GFM Network NewsMar 17, 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.
