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Daily US grain report: grain markets squelched by heightened geopolitical tensions

US grain futures were mixed overnight. Corn was off around 1 1/2 to 2 cents, soybeans down around 1 cent and wheat steady to 1 1/2 cents higher.

8 January 2020

7 minute read

By: Jim Wyckoff

Bulls have advantage as price uptrend line in place; so far, just a normal corrective pullback but bulls need to stabilize prices this week; quieter trading likely until Friday's USDA report release — Bulls have advantage as price uptrend line in place; so far, just a normal corrective pullback but bulls need to stabilize prices this week; quieter trading likely until Friday's USDA report release
© Jim Wyckoff

Bulls have advantage as price uptrend line in place; so far, just a normal corrective pullback but bulls need to stabilize prices this week; quieter trading likely until Friday's USDA report release — Bulls have advantage as price uptrend line in place; so far, just a normal corrective pullback but bulls need to stabilize prices this week; quieter trading likely until Friday's USDA report release
© Jim Wyckoff

Bulls fading and need to show fresh power soon; quieter price action likely until Friday's USDA report — Bulls fading and need to show fresh power soon; quieter price action likely until Friday's USDA report
© Jim Wyckoff

Bulls fading and need to show fresh power soon; quieter price action likely until Friday's USDA report — Bulls fading and need to show fresh power soon; quieter price action likely until Friday's USDA report
© Jim Wyckoff

Jim Wyckoff

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