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Wyckoff's Weekly Update: Export Announcements Offer Support, But Bears Still in Control

Wyckoff's Weekly Update: Export Announcements Offer Support, But Bears Still in Control

08 July 2013

ANALYSIS - The bears have the technical advantage for the near-term in the grain market, but export sales announcements from China for soybeans and wheat are lending support to start the week, according to Jim Wyckoff, grain analyst for TheCropSite.

The weather is currently a benign factor, but forecasts for hot, dry weather over the next two weeks could impact the markets. Thursday's UDSA Supply & Demand report will be watched, but is not expected to be one to cause a major market move.



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