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Barchart analyst Darin Newsom discussed a grain market rally in corn, soybeans and wheat, alongside cattle and the US dollar. He said the soybean May-July spread was near bullish territory, reflecting expectations for the next Brazilian crop.
He cited possible China buying and Brazilian production as potential drivers.
Bullish spreads signal tightening nearby supply relative to deferred supply, which tends to support futures and cash prices for feed grains and soybean products.
barchart.comDarin NewsomJan 22, 2025Not 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.
