Daily US grain report: grain traders await USDA export sales data, keeping an eye on coronavirus outbreak

US grain futures are weaker in early US pre-market trading Friday. Corn is around 2 cents lower, soybeans around 3 cents lower and wheat is 3 to 4 cents down.
calendar icon 24 January 2020
clock icon 4 minute read
Bears have chart advantage amid price downtrend line to suggest retest of December low
Bears have chart advantage amid price downtrend line to suggest retest of December low

© Jim Wyckoff

Bulls gain some momentum by pushing prices above strong resistance; follow through buying Friday or Monday would suggest a price uptrend can be sutained
Bulls gain some momentum by pushing prices above strong resistance; follow through buying Friday or Monday would suggest a price uptrend can be sutained

© Jim Wyckoff

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