Commodities Eye 2020 China Growth Prospects

By Erik Norland, Executive Director and Senior Economist of CME Group.

Prices of corn, soy and wheat are continuing to move closely in line with the currencies of key exporting nations. Corn and wheat prices are sensitive to movements in the Russian ruble, while soybean, meal and oil prices track the Brazilian real. Wheat also moves with the currencies of smaller but noted exporters such as Australia (AUD) and Canada (CAD).

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