Daily US grain report: US grain futures weaker; bulls need fresh fundamental inputs

US grain futures prices were weaker in overnight trading, as weekly USDA crop progress reports out Monday afternoon showed the corn and soybean crops not in too bad of shape considering the late planting.
calendar icon 30 July 2019
clock icon 4 minute read
Bulls are fading. Drop below July low of $4.20. 1/2 would produce serious chart damage and suggest sustained downtrend.
Bulls are fading. Drop below July low of $4.20. 1/2 would produce serious chart damage and suggest sustained downtrend.

© Jim Wyckoff

Drop below July low of $8.90. 1/2 would produce serious near term chart damage and suggest a sustained price downtrend.
Drop below July low of $8.90. 1/2 would produce serious near term chart damage and suggest a sustained price downtrend.

© Jim Wyckoff

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