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Daily US grain report: markets boosted by risk aversion receding in world marketplace

US grain futures were higher overnight. Corn was up around 2 cents, soybeans up around 4 to 5 cents and wheat about 5 cents higher.

9 January 2020

5 minute read

By: Jim Wyckoff

Quieter price action likely until Friday morning's USDA report; look for bigger price move in late trading Friday; bears have overall near-term chart advantage — Quieter price action likely until Friday morning's USDA report; look for bigger price move in late trading Friday; bears have overall near-term chart advantage
© Jim Wyckoff

Quieter price action likely until Friday morning's USDA report; look for bigger price move in late trading Friday; bears have overall near-term chart advantage — Quieter price action likely until Friday morning's USDA report; look for bigger price move in late trading Friday; bears have overall near-term chart advantage
© Jim Wyckoff

Bulls have advantage as price uptrend line in place; quieter trading likely Thursday until Friday morning's USDA report release — Bulls have advantage as price uptrend line in place; quieter trading likely Thursday until Friday morning's USDA report release
© Jim Wyckoff

Bulls have advantage as price uptrend line in place; quieter trading likely Thursday until Friday morning's USDA report release — Bulls have advantage as price uptrend line in place; quieter trading likely Thursday until Friday morning's USDA report release
© Jim Wyckoff

Jim Wyckoff

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