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Daily US grain report: markets buoyed by apparent US-China partial trade deal, but…

US grain futures prices were higher overnight. Corn was up around 5 cents, soybeans 12 cents higher and wheat up 2 to 4 cents.

13 December 2019

7 minute read

By: Jim Wyckoff

Late-week pop at least temporarily negates price downtrend line; bullish weekly high close on Friday would be another positive clue that the market has finally bottomed out — Late-week pop at least temporarily negates price downtrend line; bullish weekly high close on Friday would be another positive clue that the market has finally bottomed out
© Jim Wyckoff

Late-week pop at least temporarily negates price downtrend line; bullish weekly high close on Friday would be another positive clue that the market has finally bottomed out — Late-week pop at least temporarily negates price downtrend line; bullish weekly high close on Friday would be another positive clue that the market has finally bottomed out
© Jim Wyckoff

Bulls gain good strength late this week, including negating downtrend and fledgling uptrend line in place; market bottom likely now in place — Bulls gain good strength late this week, including negating downtrend and fledgling uptrend line in place; market bottom likely now in place
© Jim Wyckoff

Bulls gain good strength late this week, including negating downtrend and fledgling uptrend line in place; market bottom likely now in place — Bulls gain good strength late this week, including negating downtrend and fledgling uptrend line in place; market bottom likely now in place
© Jim Wyckoff

Jim Wyckoff

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