I didn’t make a midweek post last week because I wanted to leave my last post up for a while since the link to my survey was in a prominent position, and I wanted a chance for people to see it. I’ll re-post the link for a while, but it’ll be at the end of my posts.

It’s looking like we could see some more upward movement in the grain markets in the near term. The indicators are high for most of them.

Chicago wheat futures made a good rally up like I expected, but appears ready to drop back down to support. I would watch the other grains though and make sure that they won’t push wheat up with them.

Corn futures dropped a little lower than I expected, but proceeded to rise back up last week. Corn hit some resistance, but the indicators are showing that a continued move up is possible.

Oat futures didn’t drop too far before holding steady. The indicators are up and it looks like oats are ready to rise.

Soybean futures have moved back up this week after making that fast drop. The indicators are moving up, and are showing a potential for a continued move up in soybeans.

The volatility is high, so keep a close watch and keep your stops close or maybe buy some opposing options. You can still make a decent return and that’s better than loosing a bunch!

If you have time, please take a minute and take my trader’s survey. Thanks! Click Here to take survey

Chicago wheat futures closed Friday at 865.4

Corn futures closed Friday at 586.4

Oat futures closed Friday at 384.0

Soybean futures closed Friday at 1321.0

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions