Roundup: CBOT agricultural futures keep uptrend


By Xu Jing
  • World
  • Sunday, 27 Dec 2020

CHICAGO, Dec. 26 (Xinhua) -- CBOT agricultural futures kept the bullish trend on improving world demand, as U.S. dollar may continue to weaken on the growing U.S. budget deficit, Chicago-based research company AgResource noted.

The breaking of the 5-year sideways trends is arguing for a multiyear bull market, said AgResource. The first quarter of 2021 is expected to be especially bullish as the U.S. and world economic outlook brightens as the pandemic fades.

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