Daily US grain report: markets quieter ahead of Thursday USDA supply and demand updates

US grain futures prices were steady to weaker in overnight trading. Corn was down 2 to 3 cents, wheat off around 2 cents and soybeans fractionally weaker.
calendar icon 10 July 2019
clock icon 4 minute read

Top trade negotiators from Washington and Beijing are speaking this week to revive stalled trade talks, as disagreements over prior commitments and political considerations threaten to bog down discussions. China has made no official mention of a commitment to purchasing more US ag products, and a person with knowledge of the event said Chinese Leader Xi Jinping made no such promise, according to Reuters.

Bulls have overall near-term technical advantage but trading turns choppy mid-week
Bulls have overall near-term technical advantage but trading turns choppy mid-week
Price downtrend in place. Bulls in trouble and need to show more power to avoid more serious technical damage
Price downtrend in place. Bulls in trouble and need to show more power to avoid more serious technical damage
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