Daily US grain report: market bulls remain in command ahead of major USDA reports

US grain futures prices were higher overnight, with corn around 5 cents higher, soybeans up around 6 cents and wheat 4 to 5 cents higher.
calendar icon 25 June 2019
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Also late this week - possibly Saturday - the US and Chinese presidents meet to discuss trade. Ideas are widely mixed on the outcome of that meeting, which could have major implications for grain prices.

Technically, the charts are still near-term bullish for the grain futures, as price uptrends are firmly in place on the daily bar charts for corn, soybeans and wheat.

Bulls have firm near-term technical advantage amid price uptrend. Bull flag pattern forms now
Bulls have firm near-term technical advantage amid price uptrend. Bull flag pattern forms now

Also late this week - possibly Saturday - the US and Chinese presidents meet to discuss trade. Ideas are widely mixed on the outcome of that meeting, which could have major implications for grain prices.

Technically, the charts are still near-term bullish for the grain futures, as price uptrends are firmly in place on the daily bar charts for corn, soybeans and wheat.

Bulls have firm near-term technical advantage. Uptrend in place. More upside likely in near term
Bulls have firm near-term technical advantage. Uptrend in place. More upside likely in near term

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