Daily US grain report: traders focused on cool weather heading into September

US grain futures prices were mixed in overnight trading. Corn was up 2 to 3 cents, soybeans up around 7 cents and wheat steady to off 5 cents.
calendar icon 30 August 2019
clock icon 4 minute read

Technical charts remain bearish for the grains, which is keeping the big speculative "fund" traders playing the short side of the futures markets.

Bears still have firm chart advantage amid price downtrend. However, more gains in near term would suggest a market bottom, or "harvest low" is in place
Bears still have firm chart advantage amid price downtrend. However, more gains in near term would suggest a market bottom, or "harvest low" is in place

© Jim Wyckoff

Price downtrend still in place and bears have overall chart advantage. More good gains in near term would suggest a market bottom or "harvest low" is in place
Price downtrend still in place and bears have overall chart advantage. More good gains in near term would suggest a market bottom or "harvest low" is in place

© Jim Wyckoff

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