Daily US grain report: traders bracing for monthly USDA report Thursday

US grain futures prices were higher in overnight.
calendar icon 12 September 2019
clock icon 4 minute read

Bearish underlying elements for the grains include a strong US dollar and slack worldwide demand for US grains.

Bears have solid chart advantage amid price downtrend; still no early clues market bottom close at hand
Bears have solid chart advantage amid price downtrend; still no early clues market bottom close at hand

© Jim Wyckoff

Price downtrend still in place but more gains in the near term would negate it, to suggest a market bottom in place
Price downtrend still in place but more gains in the near term would negate it, to suggest a market bottom in place

© Jim Wyckoff

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