Daily US grain report: geopolitics weigh on futures prices

US grain futures prices were lower in overnight trading. Corn was down around 4 cents, soybeans off around 6 cents and wheat about 4 to 6 cents lower.
calendar icon 17 September 2019
clock icon 4 minute read
Bears have chart advantage amid price downtrend, however, more gains this week would negate the downtrend to suggest market bottom in place
Bears have chart advantage amid price downtrend, however, more gains this week would negate the downtrend to suggest market bottom in place

© Jim Wyckoff

Bulls still have some upside momentum as price downtrend negated and market sees upside "breakout" from trading range
Bulls still have some upside momentum as price downtrend negated and market sees upside "breakout" from trading range

© Jim Wyckoff

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