High COVID-19 infection numbers end rally in agricultural commodities

The prices of the CBoT soybean futures are rising again this morning, leaving their nine-day low from yesterday, when the entire agricultural complex on the derivatives exchange in Chicago went to its knees over fears of further restrictions in the COVID-19 pandemic.
The number of infections is rising around the world and the mood of the global economy suddenly ended yesterday's week-long rally in agricultural commodities.
In addition, it has been raining in some excessively dry regions for weeks, which improves the vegetation conditions there. The higher price level also slowed demand.

Hansa Terminhandel GmbH
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