DTN Closing Grain Comments 12/04 14:16
4 Dec 2019
DTN Closing Grain Comments 12/04 14:16 Soybeans Firm Up on China Optimism; Corn Falters on South American Weather Soybeans continued their mini-bounce from very oversold conditions, as the back-and-forth chatter about the U.S.-China trade deal took a more optimistic turn Tuesday night. Following President Donald Trump's dire warning that a deal with China might not occur until the next election, a Bloomberg news story suggested that the two sides are much closer to a partial agreement. Corn is weak on ideas that Brazil corn planting is pegged at a record-large 18 million hectares, and that much-needed rain is slated to move into Argentina next week.