I hope ya’ll enjoyed the Holidays, I know I did. This won’t be a detailed post tonight. I guess you guys saw that the markets made some wide trading ranges but still broke down like I thought they would. It did take a while and I took off a while and haven’t been watching the markets so I couldn’t update my blog.

The markets are hitting some resistance now and some of them have already started bouncing back as we speak, so it’s not a secret that the grain markets could bounce up some after this steep drop.

A further drop in the grains is not a big worry right now so if you have been shorting the grains, I would cover you positions or keep a tight stop, or buy some call options.

I’ll have more info next week when I have had a little more time to watch the markets, since I have been off for a while.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions