Global Commodity Analytics and Consulting President Mike Zuzolo thinks the grains found demand, but it will take some time for that to work through the market. Technicals continue to control the market. “The charts, momentum and sentiment are in control,” says Zuzolo. “When you see the 81 million bushels of sales purchased by the vast majority of China and unknown destinations, it says to me, the market has found demand for corn, wheat and soybeans.” Zuzolo says recent quarterly results from agricultural companies back those findings.
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