The grains stalled a little last week and then broke down through resistance, which should mean some more downward movement in the futures market. Just be cautious of a false breakout since the indicators are so high, there could be a reversal soon.

Chicago wheat futures broke down but are still at some pretty strong resistance. Wheat could bounce back up but if it doesn’t, the downtrend could continue.

Corn futures have been below some resistance, but are hovering around andif corn doesn’t rebound, we could see lower prices.

Oat futures have fallen hard but are at resistance and we could be seeing a rebound.

Soybean futures are a little unsure, not all the indicators are showing a reversal, but a lot are, and I would expect soybeans to follow the other markets if they reverse.

Just be cautious and keep your stops placed. The volatility is still high. A reversal may be near but we’ll have to watch it close for now.

March Chicago wheat futures closed Friday at 475.4, down 85.8¢ for the week.

March corn futures closed Friday at 309.2, down 56.4¢ for the week.

March oat futures closed Friday at 199.0, down 18¢ for the week.

January soybean futures closed Friday at 783.4, down 99.6¢ for the week.

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

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