Daily US grain report: grain traders “buy rumour, sell fact” on US-China partial trade deal

US grain futures are mixed but mostly up in early US pre-market trading. Corn is up around 3 cents, while soybeans are around 1 1/2 cents lower and wheat is 1 to 3 cents higher.
calendar icon 17 January 2020
clock icon 7 minute read
Serious near-term chart damage inflicted this week to suggest more downside price action in the near term
Serious near-term chart damage inflicted this week to suggest more downside price action in the near term

© Jim Wyckoff

Serious near-term chart damage inflicted this week to suggest more downside price action in the near term
Serious near-term chart damage inflicted this week to suggest more downside price action in the near term

© Jim Wyckoff

Bulls fade badly this week and technical damage inflicted to suggest retest of December low
Bulls fade badly this week and technical damage inflicted to suggest retest of December low

© Jim Wyckoff

Bulls fade badly this week and technical damage inflicted to suggest retest of December low
Bulls fade badly this week and technical damage inflicted to suggest retest of December low

© Jim Wyckoff

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