The grain futures moved up this week as I suspected. It appears that support could really be holding and we may be at or near a bottom. Some call options may be good for agressive traders.

The size of a rebound in the grains is hard to predict right now, though, and the prices could trade in a somewhat sideways fashion but It appears that a move up is coming. We’ll just have to watch it close and keep our stops close at all times in case it falls through. But I don’t really expect the grain prices to keep going down right now.

Chicago wheat futures moved up at the first of the week and held steady. I’m looking for more upward movement soon, just keep a close stop.

Corn futures moved up almost every day last week and the indicators are looking pretty good. Keep your stops placed.

Oat futures are holding steady with a slight move up and look like they will be moving up soon.

Soybean futures moved up last week as well and those indicators don’t look so bad either. Just keep your stops placed.

March Chicago wheat futures closed Friday at 513.0, up 37.6¢

March corn futures closed Friday at 373.4, up 64.2¢

March oat futures closed Friday at 213.4, up 14.4¢

January soybean futures closed Friday at 854.0, up 70.6¢

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions