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    Fresh demand for grains from China means favourable position for US pork

    The agricultural market bulls saw a glimmer of hope this week when reports started surfacing that China will increase its commitment to purchases US commodities as part of the Phase 1 trade deal.
    calendar icon 24 April 2020
    clock icon 5 minute read
    By: Jim Wyckoff
    North America
    Prices downtrend now in jeopardy and more gains in near term would suggest market bottom is finally in place
    Prices downtrend now in jeopardy and more gains in near term would suggest market bottom is finally in place

    © Jim Wyckoff

    Corn bears have solid technical advantage amid no signs of a market bottom. Next downside target is support at $3.01
    Corn bears have solid technical advantage amid no signs of a market bottom. Next downside target is support at $3.01

    © Jim Wyckoff

    Prices in steep downtrend. Bears may not be exhausted. More gains in near term would suggest market bottom is in place
    Prices in steep downtrend. Bears may not be exhausted. More gains in near term would suggest market bottom is in place

    © Jim Wyckoff

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    Jim Wyckoff

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