The grain futures markets are still in a sideways trend, obviously. I don’t think we’ll have it this way very much longer though. Most of the trends are trading tighter and the indicators look like something should break soon. If the prices don’t move up soon though, we may see lower prices.

Chicago wheat futures are trading pretty tight. Indicators are pointing toward a move up soon.

Corn futures are looking the same and have pretty strong support. We should see some trending up soon.

Oats found support on last weeks low, maybe it will hold. The indicators are still positive.

Soybean futures are the most volatile of the grains right now but they should hold support near last weeks low too.

Rough rice futures are showing positive indicators but I don’t know if they have found support yet. I’m still watching rice from last week to get a feel for it.

Just be careful if the grains break through support and keep your stops close.

March Chicago wheat futures closed Friday at 535.4, down 21.6¢ for the week.

March corn futures closed Friday at 363.2, down 14¢ for the week.

March oat futures closed Friday at 184.4, down 10.6¢ for the week.

March soybean futures closed Friday at 9.554, down .456¢ for the week.

March rough rice futures closed Friday at 12.510, down .275¢ for the week.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions