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Jim Wyckoff

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Rare, major bull run in grain futures

December 30, 2020 by Jim Wyckoff

The grain markets are on fire! The large speculative “fund” traders on Tuesday hit the accelerator on the long side, not wanting to miss out on what are turning out to be powerful bull market runs that occur only a couple times a decade. There are rumors in the futures markets of Chinese demand for soybeans coming to the U.S. On top of the bullish demand scenario, South American soybean and corn region dry weather is enough of a threat to this year’s crops to temper any aggressive selling. And the charts for corn and soybeans remain fully bullish. Stay tuned!– Jim

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

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