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    Daily US grain report: markets jolted by Trump subsidy plan

    US grain futures prices were mixed to weaker in overnight trading, on corrective pullbacks from recent solid gains that pushed corn and wheat markets to three-month highs earlier this week.
    calendar icon 22 May 2019
    clock icon 3 minute read
    By: Jim Wyckoff
    North America
    Strong price surge amid a "weather market" has bulls in control; at mid-work week, prices see a normal, healthy corrective pullback
    Strong price surge amid a "weather market" has bulls in control; at mid-work week, prices see a normal, healthy corrective pullback

    © Jim Wyckoff

    Bean bulls are wobbly and need more support from corn and wheat in the near term; bears still have overall technical advantage
    Bean bulls are wobbly and need more support from corn and wheat in the near term; bears still have overall technical advantage

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    Jim Wyckoff

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