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Grain Commodity Futures Trading And Technical Analysis

August 13, 2010
 

Grain Commodity Futures Update

The grain markets didn’t rebound very much before starting down again.

Chicago wheat futures seem to be holding at support with the indicators still high. Watch it close though just in case the downward movement of the other grains don’t pull wheat down too.

Corn futures appear that they could hold at support also because the indicators are moving up.

Oat futures dropped, but the indicators are moving up, so I don’t think that oats will drop too far.

Soybean futures are trading somewhat sideways, and the indicators are moving up, so they look like they could be ready for a move up soon.

Chicago wheat futures closed Friday at 794.0

Corn futures closed Friday at 565.0

Oat futures closed Friday at 387.4

Soybean futures closed Friday at 1355.4

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

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