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    Daily US grain report: spreading coronavirus outbreak hits grain futures markets hard

    US grain futures are solidly lower in early US pre-market trading Monday. Corn is around 6 cents lower, soybeans 10 to 12 cents lower and wheat is around 8 cents down.
    calendar icon 27 January 2020
    clock icon 7 minute read
    By: Jim Wyckoff
    North America
    Corn suffers market "shock" on coronavirus outbreak; remember that markets tend to overdo on the downside such events, however, don't rule out more near-term downside
    Corn suffers market "shock" on coronavirus outbreak; remember that markets tend to overdo on the downside such events, however, don't rule out more near-term downside

    © Jim Wyckoff

    Corn suffers market "shock" on coronavirus outbreak; remember that markets tend to overdo on the downside such events, however, don't rule out more near-term downside
    Corn suffers market "shock" on coronavirus outbreak; remember that markets tend to overdo on the downside such events, however, don't rule out more near-term downside

    © Jim Wyckoff

    Bears have solid chart advantage amid steep price downtrend line to suggest retest of December low, or below. However, the coronavirus market "shock" will likely see prices get overdone on the downside
    Bears have solid chart advantage amid steep price downtrend line to suggest retest of December low, or below. However, the coronavirus market "shock" will likely see prices get overdone on the downside

    © Jim Wyckoff

    Bears have solid chart advantage amid steep price downtrend line to suggest retest of December low, or below. However, the coronavirus market "shock" will likely see prices get overdone on the downside
    Bears have solid chart advantage amid steep price downtrend line to suggest retest of December low, or below. However, the coronavirus market "shock" will likely see prices get overdone on the downside

    © Jim Wyckoff

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