11.
08.15
22:28

Grains tumble 3% on Chinese currency devaluation


Grains prices slumped back downward on Tuesday, on growing fears for the future of Chinese demand, as well as some better than expected US crop data, with declines of around 3% for corn, soybeans and wheat.

Tuesday was a bad day for the commodity complex as a whole, as China devalued the yuan.

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