Soybeans bounced around some before dropping quickly last week. They were down over 100¢ last week before ending Friday down almost 80¢ since my last post. For now it’s hard to say about soybeans. The indicators for the other grains are showing a potential move up so if you don’t take profits, at least keep a close stop.

Chicago wheat futures have made a good decline and are resting around support. The indicators are showing a good sign for a rally up.

Corn futures appeared to drop below support but the indicators are showing signs of a rally too. If you went short on corn at the break, you may want to take profits.

oat futures seem to be holding at support and indicators are showing a potential rise in oats.

Soybeans have made a good drop. The indicators are moving up some, along with the other indicators, so it’s hard to say if they will drop further. I wouldn’t take any new short positions and if you don’t take profits on current shorts, just protect yourself.

I haven’t paid much attention to Rice futures. They are still going sideways. The indicators are up so maybe they will rally with the rest of the grains. We’ll just have to see.

September Chicago wheat futures closed Friday at 518.6¢

September corn futures closed Friday at 328.2¢

July oats futures closed Friday at 204.0¢

August soybean futures closed Friday at 1044.6¢

September rough rice futures closed Friday at 13.020¢

grains,trading,commodities,futures,investing,finance
Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

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