Grain Commodity Futures Update

I’m doing a quick mid-week analysis and I’ll be back this weekend.

The grains have dropped pretty fast and that sometimes causes a rebound rally when traders cover their positions, so be on the lookout.

Chicago wheat futures followed the other grains with a drop, but not as far a drop as the others. The indicators are high and wheat appears ready to move up soon.

Corn futures have dropped a good 175 cents in the last three weeks before bouncing up a little this week. With that kind of drop, a rebound of some sort could follow.

Oat futures made a good drop too and now appear ready for a rally soon.

Soybean futures made a good 270 cent drop in the last 3 weeks but indicators are starting to move up. There could be some rebound.

*I didn’t get my traders survey up yet, but I will soon. I could use some input into the personalization of a traders course and what needs you have.

Remember to keep your stops placed.

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