There’s not a lot of changes to report yet so this won’t be a long post. I thought something may happen to give a confirmation today but that hasn’t happened so we’ll have to watch things closely. If the trend is strong enough the grains may break through this resistance but the indicators do seem to be trending down some so keep your stops placed.

Chicago wheat futures jumped up another 40¢ or so during last week but hit resistance and fell back about half of that. Wheat is hitting some resistance so keep a close stop.

Corn futures have made a small trend up these last few weeks but corn is also hitting some resistance so keep your stops close.

Oat futures moved down some last week and although oats are near some support, the indicators aren’t looking so good for another move up. The rally may be over in oats so keep a close stop.

Soybean futures appear to have moved up above resistance so that may be a good sign for another move up this week but watch closely in case the other grains move down and keep a close stop.

Rough rice futures moved back up to resistance last week but rice may also make a retracement so keep a close stop.

March Chicago wheat futures closed Friday at 580.6¢

March corn futures closed Friday at 407.0¢

March oat futures closed Friday at 271.4¢

January soybean futures closed Friday at 1046.0¢

January rough rice futures closed Friday at 15.170¢

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions