I’ve been tied up and pretty busy and the markets have been moving pretty much as I anticipated, so I laid off a couple of posts, sorry ’bout that.

Soybean futures are my main focus right now. They have made a good run, but I think they have run out of steam. The other grains are near support, but you probably want to be cautious and not enter any new trades on them right now so you can see what happens.

Chicago wheat futures have dropped and the indicators are starting to move up. If you are short wheat, I would hold on until it reaches support and keep a close stop because it looks like it could go a little lower, but I wouldn’t enter any short positions right now because there may be a rebound soon.

Corn futures are acting about the same. There may be a rebound soon but I would wait to see what happens before entering any new trades.

Oat futures are hard to call right now too so I would hold off on any new positions.

Soybean futures appear to have run out of steam. The indicators are showing a drop. They have started to drop and I think they will still drop more. Always keep your stops placed.

Rough rice futures have been trading sideways for quite a while. Like I said last time, I think the break will be up, but I don’t know when. We’ll just have to watch it for a while.

July Chicago wheat futures closed last Friday at 555.2¢

July corn futures closed last Friday at 399.2¢

July oat futures closed last Friday at 212.0¢

July soybean futures closed last Friday at 1179.0¢

July rough rice futures closed last Friday at 12.390¢

grains,trading,commodities,futures,investing,finance
Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

Just a quick update. Things have been going good in the grains so far, so I have laid off the posts, but indicators are now starting to make me cautious about a re-tracement.

It would be hard to estimate any size of a re-tracement because the upward indicators have been strong and it’s hard to say if the movement is over ( because it may go a little higher) but the profits have been good over the last month so if you don’t take profits soon, at least keep you stops close.

Chicago wheat indicators are not so strong on a re-tracement, still, I would keep a close stop in case another market brings it down.

Corn futures are not looking so good and may be seeing a re-tracement. I’m not talking about the whole rally, but you may want to keep your profits.

Oat futures have done well but appear to have run out of steam. They could drop or trade sideways for a while. If you have any options, I would take profits. You can get back in when the market starts up again.

Soybeans have been awesome for the last month. It’s kind of hard to make a definite call on beans right now because the indicators are moving lower, but haven’t given a definite signal. Soybeans are highly volatile, and have a way of tricking you and may keep going up, but with the other things going on, I would at least keep a close stop.

Rice futures have moved to the bottom of the channel and indicators are up. If you want to gamble you could buy some calls and hope rice breaks above the channel on it’s way up. Kinda like buying a lottery ticket. (only a little better odds)

I think rice will break up when it does go, but I am not sure when, so I am not making a definite call here.

July Chicago wheat futures closed last Friday at 637.2¢

July corn futures closed last Friday at 436.2¢

July oat futures closed last Friday at 251.0¢

July corn futures closed last Friday at 1184.0¢

July corn futures closed last Friday at 12.345¢

grains,trading,commodities,futures,investing,finance
Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

Just a quick post today, I have been busy with things and I am working on a trading e-book to teach my simple methods of technical analysis, so watch for it. I’m also thinking about offering a cheap membership to those who buy my e-book. It would be good for any traders who would like to follow along with me for details for a while until they get the hang of things.

The grain markets have been doing good the last two weeks but some of them may be hitting some resistance. Hopefully we will get out of this up and down sideways trend soon. We will just have to watch it close and see if there will be a breakout soon.

Chicago wheat futures have done good but may pull back some, just watch it close.

Corn futures are acting the same.

Oat futures are finally breaking out like I have been waiting for and have been talking about. Hopefully you were watching them too. Keep with them for now but the volatility has exploded so just keep your stops placed.

Soybean futures have been awesome but my retrace some. Keep your stops placed.

Rice Futures have been stuck in a sideways trend and have made a couple of false breakouts but the indicators are suggesting an upward breakout when it does happen so I would just keep an eye on it.

July Chicago wheat futures closed Friday at 591.0¢

July corn futures closed Friday at 421.0¢

July oat futures closed Friday at 226.0¢

July soybean futures closed Friday at 1111.4¢

July rough rice futures closed Friday at 12.650¢

grains,trading,commodities,futures,investing,finance
Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions