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Grain Market Bears Will Continue to Pressure Prices

September 14, 2018 by Jim Wyckoff

The grain market bears are growling as they have taken full control of the grain markets, following a generally bearish USDA monthly supply and demand report released at mid-week. As the U.S. corn and soybean harvest picks up speed in the next few weeks, look for harvest-related selling pressure in the cash markets to continue to squelch buyers–probably until early November. The best the bulls can hope for is price stabilization in the next few weeks, but more likely will be a sideways-to-lower grind in prices, to establish more contract lows in corn and soybeans–and wheat will be a follower. Stay tuned!

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

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