Daily US grain report: markets get no traction from weekly USDA crop reports

US grain futures prices were solidly lower in overnight trading. Corn was down around 6 to 8 cents, wheat off 6 to 7 cents and soybeans down around 4 to 5 cents.
calendar icon 9 July 2019
clock icon 4 minute read
Bulls have some upside momentum with recent gains. More upside this week would suggest a retest of the June high, or above
Bulls have some upside momentum with recent gains. More upside this week would suggest a retest of the June high, or above

© Jim Wyckoff

Price downtrend in place. Bulls in trouble and need to show power soon to avoid more serious technical damage. Corn will have to lead a rally in soybeans in the near term
Price downtrend in place. Bulls in trouble and need to show power soon to avoid more serious technical damage. Corn will have to lead a rally in soybeans in the near term

© Jim Wyckoff

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.