Daily US grain report: US grain futures higher on short covering to end the trading week

US grain futures prices were higher overnight on some short covering heading into the weekend. Corn was up around 1 1/2 cents, soybeans around 7 cents up and wheat 1 to 2 cents higher.
calendar icon 6 December 2019
clock icon 7 minute read
Price downtrend in place and bears have firm advantage; no early clues downtrend will end
Price downtrend in place and bears have firm advantage; no early clues downtrend will end

© Jim Wyckoff

Price downtrend in place and bears have firm advantage; no early clues downtrend will end
Price downtrend in place and bears have firm advantage; no early clues downtrend will end

© Jim Wyckoff

Bears have overall near-term technical advantage as price downtrend still in place; some normal short covering seen recently but bullish weekly high close Friday would suggest market bottom in place
Bears have overall near-term technical advantage as price downtrend still in place; some normal short covering seen recently but bullish weekly high close Friday would suggest market bottom in place

© Jim Wyckoff

Bears have overall near-term technical advantage as price downtrend still in place; some normal short covering seen recently but bullish weekly high close Friday would suggest market bottom in place
Bears have overall near-term technical advantage as price downtrend still in place; some normal short covering seen recently but bullish weekly high close Friday would suggest market bottom in place

© Jim Wyckoff

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