Daily US grain report: wheat market is on fire, but how long can rally last?

US grain futures are higher in early US pre-market trading Wednesday.
calendar icon 22 January 2020
clock icon 7 minute read
Bulls gain some momentum, but they need to show more follow-through strength this week to suggest price uptrend can be sustained
Bulls gain some momentum, but they need to show more follow-through strength this week to suggest price uptrend can be sustained

© Jim Wyckoff

Bulls gain some momentum, but they need to show more follow-through strength this week to suggest price uptrend can be sustained
Bulls gain some momentum, but they need to show more follow-through strength this week to suggest price uptrend can be sustained

© Jim Wyckoff

Bulls fade badly as technical damage inflicted to suggest retest of December low
Bulls fade badly as technical damage inflicted to suggest retest of December low

© Jim Wyckoff

Bulls fade badly as technical damage inflicted to suggest retest of December low
Bulls fade badly as technical damage inflicted to suggest retest of December low

© Jim Wyckoff

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