Markets ignore kicking the can - This week in the grain markets

by

Opinion

Grain markets ended the first full week of trading in 2020 mostly higher as the complex ignored some of the bearish data that the USDA presented in their monthly data dump, and instead, focused on the trade war deal expected to be signed by China and the U.S. next week. The main reason grain markets closed higher on Friday is because the USDA did not include any forecasted expectations from the trade deal getting signed, hence why the market remained bullish, despite some bearish numbers. Going into the January WASDE report, analysts were mostly bullish to begin with, expecting U.S.…

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