Grain markets edge cautiously higher — this week in the grain markets

Opinion

Grain markets closed the past week mostly higher as short-covering and bargain buying helped stop the slide seen since the U.S.-China Phase One trade deal was signed. The buying comes ahead of the February WASDE report, published on Tuesday, February 11th but the big cloud of uncertainty that remains over both grain and broader markets is the economic impact from the coronavirus. Ultimately, most activity in grain markets this past week were influenced by China. Concerns about the coronavirus spreading remain but markets are bouncing on reports that quarantines are starting to slow the spread. Regardless, those watching global economic…