Daily US grain report: markets pause; traders seeking new fundamental inputs

US grain futures prices were mixed in quieter overnight trading.
calendar icon 28 August 2019
clock icon 4 minute read

Generally slowing global economic growth is another underlying negative factor for the grain markets.

The strong US dollar on the foreign exchange market is making US agricultural products more expensive to purchase on the world markets.

Price downtrend still in place and bears have overall chart advantage
Price downtrend still in place and bears have overall chart advantage

© Jim Wyckoff

Bears have solid overall chart advantage amid price downtrend; this is the time of year when "harvest lows" can come early
Bears have solid overall chart advantage amid price downtrend; this is the time of year when "harvest lows" can come early

© Jim Wyckoff

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