Daily US grain report: traders awaiting big USDA report Thursday

US grain futures prices were narrowly mixed in overnight trading Monday.
calendar icon 7 October 2019
clock icon 7 minute read

The US-China trade talks restart in Washington, DC this week, and will be closely watched. There is no consensus on whether this latest round of discussions will make any progress toward a trade agreement.

Bulls working on price uptrend but need to show fresh power soon to keep it alive
Bulls working on price uptrend but need to show fresh power soon to keep it alive

© Jim Wyckoff

Bulls working on price uptrend but need to show fresh power soon to keep it alive
Bulls working on price uptrend but need to show fresh power soon to keep it alive

© Jim Wyckoff

Weather in the US Midwest is bullish to start the trading week, as later this week is expected to find snow falling in the northern Midwest, with a hard freeze in portions of the northern Corn Belt that will halt the growing season in that area.

Bulls have near-term technical advantage as price uptrand in place
Bulls have near-term technical advantage as price uptrand in place

© Jim Wyckoff

Bulls have near-term technical advantage as price uptrand in place
Bulls have near-term technical advantage as price uptrand in place

© Jim Wyckoff

The US-China trade talks restart in Washington, DC this week, and will be closely watched. There is no consensus on whether this latest round of discussions will make any progress toward a trade agreement.

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