It looks like most of the grain markets are performing as I expected. They held strong last week and the grain markets are doing good this week. The indicators look good, but keep your stops placed.

Chicago wheat futures dropped a little in the middle of the week last week, but support held, which was a good sign and wheat started moving up again. Stay with it but keep your stops placed.

Corn futures did good almost every day last week and ended higher for the week.

Oat futures are really disappointing but support has held.

Soybean futures were showing strength last week too.

Rough rice futures dropped surprisingly. The indicators looked strong but I haven’t been following rice for very long like I stated in an earlier post. I’m not much of a fundamentalist, but trade tariffs on exports to Mexico were discussed and that may be one reason for the drop. Shorts may be a consideration but I’m not making any recommendations at the moment, I want to watch it for awhile. Anyway, these things do happen and that is exactly why we keep our stops placed.

You’ll have to excuse me if my posts are kind of sporadic in the near term. I’ve been busy and I am going to start working on creating an ebook on my trading methods. I want to give people an affordable source of training on how to learn to judge the grain markets themselves. I had planned on doing it sooner but I’ve been swamped. I don’t have all the details yet but keep an eye out for it!

Chicago wheat futures closed Friday at 518.2, down 8.8¢ from the previous week.

Corn futures closed Friday at 388.4, up 27¢ from the previous week.

Oat futures closed Friday at 186.0, up 27¢ from the previous week.

Soybean futures closed Friday at 876.4, up 9.4¢ from the previous week.

Rice futures closed Friday at 11.625, down .705¢ from the previous week.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions