On both a global and local level, grain markets have not been immune to the impacts of the COVID-19 outbreak. Already, offshore markets have changed-up their response to this crisis. Initially, Chicago Board of Trade (CBOT) wheat, corn and soybean futures followed other commodity and financial markets lower. Towards the end of March those CBOT wheat futures rallied, seeing some of their largest week-on-week gains in over two years. This support has flowed through to local prices.
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