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    Daily US grain report: US grain futures higher on short covering to end the trading week

    US grain futures prices were higher overnight on some short covering heading into the weekend. Corn was up around 1 1/2 cents, soybeans around 7 cents up and wheat 1 to 2 cents higher.
    calendar icon 6 December 2019
    clock icon 7 minute read
    By: Jim Wyckoff
    North America
    Price downtrend in place and bears have firm advantage; no early clues downtrend will end
    Price downtrend in place and bears have firm advantage; no early clues downtrend will end

    © Jim Wyckoff

    Price downtrend in place and bears have firm advantage; no early clues downtrend will end
    Price downtrend in place and bears have firm advantage; no early clues downtrend will end

    © Jim Wyckoff

    Bears have overall near-term technical advantage as price downtrend still in place; some normal short covering seen recently but bullish weekly high close Friday would suggest market bottom in place
    Bears have overall near-term technical advantage as price downtrend still in place; some normal short covering seen recently but bullish weekly high close Friday would suggest market bottom in place

    © Jim Wyckoff

    Bears have overall near-term technical advantage as price downtrend still in place; some normal short covering seen recently but bullish weekly high close Friday would suggest market bottom in place
    Bears have overall near-term technical advantage as price downtrend still in place; some normal short covering seen recently but bullish weekly high close Friday would suggest market bottom in place

    © Jim Wyckoff

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    Jim Wyckoff

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