Daily US grain report: market bulls more upbeat at mid-week

US grain futures are steady to higher in early US pre-market trading Wednesday. Corn is up around 1/2 cent, soybeans around 5 cents higher and wheat is around 5 cents up.
calendar icon 5 February 2020
clock icon 3 minute read
Bears have solid chart advantage amid steep price downtrend line; more gains this week would suggest market bottom is in place
Bears have solid chart advantage amid steep price downtrend line; more gains this week would suggest market bottom is in place

© Jim Wyckoff

Bears have solid chart advantage amid steep price downtrend line; more gains this week would suggest market bottom is in place
Bears have solid chart advantage amid steep price downtrend line; more gains this week would suggest market bottom is in place

© Jim Wyckoff

Bulls stabilise market at mid-week; this suggests the downside for prices is limited in the near-term
Bulls stabilise market at mid-week; this suggests the downside for prices is limited in the near-term

© Jim Wyckoff

Bulls stabilise market at mid-week; this suggests the downside for prices is limited in the near-term
Bulls stabilise market at mid-week; this suggests the downside for prices is limited in the near-term

© Jim Wyckoff

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