The grains made a little bounce up last week but not a strong rally yet. The indicators are still strong and not much has changed so we’ll have to watch them close and see if they hold at support. They could trade sideways a bit but hopefully we’ll be seeing a rally soon.

Chicago wheat futures made a short bounce last week. If support holds it should be a good sign.

Corn futures bounced up quick and moved back down. The indicators are still high and we’ll watch it to make sure support holds.

Oat futures made a bounce too and the indicators are still high. Oats are looking pretty good too.

Rice futures gapped down Monday and quickly closed the gap. If support holds rice could move up since the indicators are up but if support doesn’t hold then rice could move down some more. We’ll have to watch it close.

December Chicago wheat futures closed Friday at 457.2, down 10¢ from last Friday.

December corn futures closed Friday at 318.0, down 1.6¢ from last Friday.

December oat futures closed Friday at 213.0, down 5¢ from last Friday.

November soybean futures closed Friday at 941.0, up 38¢ from last Friday.

December rough rice futures closed Friday at 13.465, down .055¢ from last Friday.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions