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    Daily US grain report: traders wonder how China’s big US ag purchases can happen

    US grain futures prices were weaker overnight. Corn and soybeans were down 1 to 2 cents and wheat was off around 4 to 7 cents.
    calendar icon 18 December 2019
    clock icon 7 minute read
    By: Jim Wyckoff
    North America
    Price rally negates price downtrend line. It appears the market has finally bottomed out and can trend at least sideways in coming weeks
    Price rally negates price downtrend line. It appears the market has finally bottomed out and can trend at least sideways in coming weeks

    © Jim Wyckoff

    Price rally negates price downtrend line. It appears the market has finally bottomed out and can trend at least sideways in coming weeks
    Price rally negates price downtrend line. It appears the market has finally bottomed out and can trend at least sideways in coming weeks

    © Jim Wyckoff

    Bulls have strength as price uptrend line in place. Market bottom likely in place to suggest at least sideways price action into the end of the year
    Bulls have strength as price uptrend line in place. Market bottom likely in place to suggest at least sideways price action into the end of the year

    © Jim Wyckoff

    Bulls have strength as price uptrend line in place. Market bottom likely in place to suggest at least sideways price action into the end of the year
    Bulls have strength as price uptrend line in place. Market bottom likely in place to suggest at least sideways price action into the end of the year

    © Jim Wyckoff

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    Jim Wyckoff

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