Roundup: CBOT agricultural futures rise


By Xu Jing
  • World
  • Sunday, 22 Nov 2020

CHICAGO, Nov. 21 (Xinhua) -- CBOT agricultural products rose in the past week on worrisome weather in South America, Chicago-based research company AgResource noted.

A breaking of the key resistance argues for a more bullish landscape of world commodity futures and a deeper fall of the value of the U.S. dollar. It's too early to discuss inflation, AgResource said. But the demand unleashed by a COVID-19 vaccine amid a world awash in liquidity will produce fresh interest from investors in securing a host of raw material markets, including grain and soybean amid a budding drought across South America.

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