# Grain price slump attracts bargain-hunting by importers - Grainews

> 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.

- Date: 2020-03-17 · published 2020-03-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8369-grain-price-slump-attracts-bargain-hunting-by-importers-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Bargain buying provides modest floor support for grain prices, but without stock-building the rebound is likely to stay limited while demand uncertainty persists.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/grain-price-slump-attracts-bargain-hunting-by-importers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.