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Commodities

Grain Markets Reach New Contract Highs Amid Bullish Sentiment

Guavy AI Editorial Team
Instruments
Oil Corn
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The grain markets are experiencing new contract highs across the complex, building on technical momentum from higher monthly closes in August.

Jamie Gieseke with Paradigm Futures notes that the charts are bullish for grains, especially corn, which has been supported by crude oil and soybean prices.

Corn's resilience on Monday was due to profit-taking at the end of the month, but it also received spillover support from higher soybeans and crude oil.

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