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Daily US grain report: grains pressured by mostly bearish USDA report

US grain futures prices were mixed in overnight trading, following Monday's highly anticipated USDA monthly supply and demand report, which was deemed very bearish for corn and wheat and friendly for soybeans.

13 August 2019

4 minute read

By: Jim Wyckoff

Bears have solid overall chart advantage amid price downtrend, and gain fresh power with big downdraft in prices this week — Bears have solid overall chart advantage amid price downtrend, and gain fresh power with big downdraft in prices this week
© Jim Wyckoff

Price downtrend in place and bears have overall chart advantage. Big selling pressure in corn and wheat this week spilling over into limited buying in soybeans — Price downtrend in place and bears have overall chart advantage. Big selling pressure in corn and wheat this week spilling over into limited buying in soybeans
© Jim Wyckoff

Jim Wyckoff

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