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    Daily US grain report: grain market bears emboldened by coronavirus fears

    US grain futures are narrowly mixed to weaker in early US pre-market trading Friday. Corn is around 1 cent higher, soybeans 1 to 2 cents lower and wheat is around 2 cents down. The coronavirus outbreak is back on the front burner of the global market place Friday.
    calendar icon 31 January 2020
    clock icon 7 minute read
    By: Jim Wyckoff
    North America
    Bulls wobbly amid coronavirus scare and need to hold prices above the support line at the January low
    Bulls wobbly amid coronavirus scare and need to hold prices above the support line at the January low

    © Jim Wyckoff

    Bulls wobbly amid coronavirus scare and need to hold prices above the support line at the January low
    Bulls wobbly amid coronavirus scare and need to hold prices above the support line at the January low

    © Jim Wyckoff

    Bears have solid chart advantage amid steep price downtrend line, however, market is well oversold and due for a corrective bounce very soon
    Bears have solid chart advantage amid steep price downtrend line, however, market is well oversold and due for a corrective bounce very soon

    © Jim Wyckoff

    Bears have solid chart advantage amid steep price downtrend line, however, market is well oversold and due for a corrective bounce very soon
    Bears have solid chart advantage amid steep price downtrend line, however, market is well oversold and due for a corrective bounce very soon

    © Jim Wyckoff

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    Jim Wyckoff

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