This weeks post will be a quick one since not much has changed. The grain markets traded mostly sideways last week while we wait for the anticipated move up.

Chicago wheat futures are still poised for a move up, they traded sideways but the indicators are looking good for a move up.

Corn futures traded pretty tight but I think they should follow wheat with a move up soon.

Oat futures have been in a sideways trend for a while. The indicators are showing a potential for a breakout to the upside, unless something changes between now and the actual breakout.

Soybean futures are still looking pretty strong. If they break to the upside, which I think they will, they should continue up.

As always, keep your stops placed.

March Chicago wheat futures closed Friday at 582.6, up 4.4¢ for the week.

March corn futures closed Friday at 390.4, down .6¢ for the week.

March oat futures closed Friday at 215.0, down 7.4¢ for the week.

March soybean futures closed Friday at 10.090, down .110¢ for the week.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions