The grain futures markets are still in a sideways trend. Support should hold but the longer the markets go sideways, you may want to be more cautious. I am not too worried though because the indicators are strongly suggesting a move up soon, I just don’t ever want to get over confident. That could spell disaster.

Chicago wheat futures have traded pretty tight the last couple of weeks and should break up soon.

Corn futures are acting the same and indicators are strong. We should see a move up soon.

Oat futures have traded sideways for the last couple of months. Indicators have been good for a while and a break up could give us a good rally.

Soybean futures have a wider sideways pattern but they are at support now and we should see a move up this week.

Always Keep your stops placed.

March Chicago wheat futures closed Friday at 568.0, down 14.6¢ for the week.

March corn futures closed Friday at 379.0, down 11.4¢ for the week.

March oat futures closed Friday at 205.0, down 10.0¢ for the week.

March soybean futures closed Friday at 9.80, down .290¢ for the week.

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

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