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    Daily US grain report: market bulls beware, coronavirus outbreak may return to bite global financial markets

    US grain futures are mixed to lower in early US pre-market trading Thursday. Corn is down around 1 cent, soybeans around 3 1/2 cents higher and wheat is around 3 cents down.
    calendar icon 6 February 2020
    clock icon 7 minute read
    By: Jim Wyckoff
    North America
    Choppy and sideways price action likely in the near term, but the downside appears limtied; recent price action could be "basing" that kicks off a price uptrend at some point in not-too-distant future
    Choppy and sideways price action likely in the near term, but the downside appears limtied; recent price action could be "basing" that kicks off a price uptrend at some point in not-too-distant future

    © Jim Wyckoff

    Choppy and sideways price action likely in the near term, but the downside appears limtied; recent price action could be "basing" that kicks off a price uptrend at some point in not-too-distant future
    Choppy and sideways price action likely in the near term, but the downside appears limtied; recent price action could be "basing" that kicks off a price uptrend at some point in not-too-distant future

    © Jim Wyckoff

    Bears have firm chart advantage amid steep price downtrend line; more gains this week would suggest market bottom is in place
    Bears have firm chart advantage amid steep price downtrend line; more gains this week would suggest market bottom is in place

    © Jim Wyckoff

    Bears have firm chart advantage amid steep price downtrend line; more gains this week would suggest market bottom is in place
    Bears have firm chart advantage amid steep price downtrend line; more gains this week would suggest market bottom is in place

    © Jim Wyckoff

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    Jim Wyckoff

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