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Jim Wyckoff

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Grain market bears in control

September 22, 2023 by Jim Wyckoff

The grain and soybean complex markets have turned more bearish the past couple weeks, as the onset of U.S. corn and soybean harvesting creates the bearish seasonal of commercial hedging as farmers bring their crops to the local elevators. Corn, soybean and wheat futures markets are all trending lower now. That means the path of least resistance for those markets will remain sideways to lower until there is a bullish technical clue to suggest the downtrends are broken. You’ll get those very early technical clues on potential price trend changes in all the markets by reading my afternoon market reports. Stay tuned! Jim Wyckoff

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

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