Corn sees slight oversold bounce

Corn sees slight oversold bounce

Soybeans were modestly lower on fund and technical selling, with the most active months posting a big week to week drop, more than $.25. Beans saw another round of pressure from concerns about demand from China. The spread of coronavirus is expected to have at least some impact on demand and while business as usual resumes in most areas Monday with the end of the Lunar New Year celebrations, Beijing would still have to issue tariff waivers for buyers to purchase U.S.

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