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    Daily US grain report: some short covering observed heading into soybean and corn harvest

    US grain futures prices were steady to higher in overnight trading. Corn was steady to 1 cent higher, soybeans around 2 cents up and wheat 4 to 5 cents higher.
    calendar icon 4 September 2019
    clock icon 4 minute read
    By: Jim Wyckoff
    North America
    Bears have firm chart advantage amid price downtrend, and gain fresh power as prices hit new contract low, to suggest still more downside in near term
    Bears have firm chart advantage amid price downtrend, and gain fresh power as prices hit new contract low, to suggest still more downside in near term

    © 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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    Jim Wyckoff

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