Daily US grain report: traders do not want to go home short
US grain futures prices were firmer again overnight, with corn up 3 to 5 cents, soybeans up around 3 cents and wheat 1 to 2 cents higher.
14 June 2019
4 minute read
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Bulls have solid near-term technical advantage and gain more power by pushing prices above what was strong resistance at $4.38. Now, upside is open to a run at $5.00. © Jim Wyckoff
Bulls step up and show power to keep uptrend alive. Push above early-June high would suggest solid leg up in prices. Soybeans likely to follow corn price action in near term. © Jim Wyckoff
