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DTN Closing Grain Comments 05/22 13:56
Soybeans Recover, Wheat and Corn Take a Breather
Following Tuesday's volatile midday trade, which is attributed to a
Bloomberg story about an impending second farm aid package, the markets have
quieted. Wheat and corn appear ready to take a breather from the torrid
short-covering rally of the past seven days, while soybeans have recovered a
bit but remain below the short-term moving averages, as the trade awaits an
official announcement from the Trump administration.
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