Daily US grain report: markets dented by keen geopolitical fears

US grain futures were weaker again overnight, amid risk aversion that is denting grain market bulls following last week’s US military strike that killed in Iranian general in Baghdad, Iraq.
calendar icon 6 January 2020
clock icon 7 minute read
Bulls fading a bit and need to show fresh power soon. Sideways and quiet price action likely until Friday's USDA report
Bulls fading a bit and need to show fresh power soon. Sideways and quiet price action likely until Friday's USDA report

© Jim Wyckoff

Bulls fading a bit and need to show fresh power soon. Sideways and quiet price action likely until Friday's USDA report
Bulls fading a bit and need to show fresh power soon. Sideways and quiet price action likely until Friday's USDA report

© Jim Wyckoff

Bulls have advantage as price uptrend line in place. So far, just a normal corrective pullback but bulls need to stabilise prices this week. Quieter trading likely until Friday's USDA report release
Bulls have advantage as price uptrend line in place. So far, just a normal corrective pullback but bulls need to stabilise prices this week. Quieter trading likely until Friday's USDA report release

© Jim Wyckoff

Bulls have advantage as price uptrend line in place. So far, just a normal corrective pullback but bulls need to stabilise prices this week. Quieter trading likely until Friday's USDA report release
Bulls have advantage as price uptrend line in place. So far, just a normal corrective pullback but bulls need to stabilise prices this week. Quieter trading likely until Friday's USDA report release

© Jim Wyckoff

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