# U.S. grains: Wheat, corn, soy break through key technical levels - AgCanada

> US corn, soybean and wheat futures rose for a second session on a short-covering bounce after a sharp sell-off earlier in the week. Prices broke through chart resistance as markets awaited progress in US-China trade talks and grain purchases.

- Date: 2019-01-17 · published 2019-01-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7650-u-s-grains-wheat-corn-soy-break-through-key-technical-levels-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Trade-war uncertainty had cut Chinese demand for US grain, and any confirmed purchases or tariff relief would support prices. Lower South American crop forecasts also add upside support for feed grains and meal.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-wheat-corn-soy-break-through-key-technical-levels

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.