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Daily US grain report: shine of US-China trade deal losing its luster among grain traders

US grain futures prices were mixed overnight. Corn was down 1 to 2 cents, soybeans off around 5 cents and wheat up around 3 cents.

19 December 2019

5 minute read

By: Jim Wyckoff

Bulls have strength as price uptrend line in place; market bottom likely in place to suggest at least sideways price action into the end of the year — Bulls have strength as price uptrend line in place; market bottom likely in place to suggest at least sideways price action into the end of the year
© Jim Wyckoff

Bulls have strength as price uptrend line in place; market bottom likely in place to suggest at least sideways price action into the end of the year — Bulls have strength as price uptrend line in place; market bottom likely in place to suggest at least sideways price action into the end of the year
© Jim Wyckoff

Bulls pause late this week but need to show fresh power soon or risk sideways and choppy trading in the weeks ahead — Bulls pause late this week but need to show fresh power soon or risk sideways and choppy trading in the weeks ahead
© Jim Wyckoff

Bulls pause late this week but need to show fresh power soon or risk sideways and choppy trading in the weeks ahead — Bulls pause late this week but need to show fresh power soon or risk sideways and choppy trading in the weeks ahead
© Jim Wyckoff

Jim Wyckoff

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