Although wheat futures didn’t bounce up last week, the indicators are still strong and showing a move up coming. It seems like it is just taking a little longer than I expected.

The indicators for the other grains are moving up to and are showing a move up soon so watch them close. Not much has changed, we should know more next week.

Chicago wheat futures held strong last week, although down just a bit. The indicators are still strong as I mentioned earlier.

Corn futures hit resistance last week and could move down to support but the indicators are still strong and showing a move up soon.

Oat futures also hit resistance but the indicators are still strong for a move up soon.

Soybean futures held until Friday when they dropped down another support level. Soybeans are sitting around support and the indicators are high but I would wait to make sure support holds before going long to make sure they don’t drop any further before moving up.

Rice futures price action looks like it may break through support. If it does, they should go lower. If support holds, it may be a good sign.

December Chicago wheat futures closed Friday at 441.2, down 8.4¢ from last Friday.

December corn futures closed Friday at 333.4, down .60¢ from last Friday.

December oat futures closed Friday at 220.4, up 1.4¢ from last Friday.

November soybean futures closed Friday at 885.0, down 41¢ from last Friday.

November rice futures closed Friday at 13.105, up .020¢ from last Friday.

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

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