Support for the grain commodities apparently held last week like I said it would and they moved up. All except rough rice, which I thought was ready for some kind of correction. The grain markets appear to be hitting some resistance but if they break through, we could be looking at some good gains for the grain futures. If support doesn’t hold, they could drop down pretty good.

Chicago wheat futures moved up some 40¢ and the indicators seem ok, just keep your stops placed.

Corn futures traded up around 40¢ by the middle of the week but moved back down some. Keep your stops placed.

Oat futures also moved up pretty good but moved down some on Friday during a day of a wide trading range. Keep your stops placed.

Soybean futures moved back up to resistance and have been trading in somewhat of a tight range lately. We may be looking at a break up in the soybean market soon but it’s not confirmed yet so keep your stops placed in case the market breaks down.

Rough rice futures corrected last week like I talked about two weeks ago. I don’t think the run is over but always keep your stops placed.

December Chicago wheat futures closed Friday at 539.0, up 41.8¢ from last Friday.

December Corn futures closed Friday at 390.4, up 23.4¢ from last Friday.

December oat futures closed Friday at 262.4, up 8.4¢ from last Friday.

January soybean futures closed Friday at 987.0, up 32.0¢ from last Friday.

January rough rice futures closed Friday at 14.860, down .295¢ from last Friday.

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

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