The grain commodity markets did well last week. There could be a little stalling this week or some re-tracement but overall I think the trend should continue.

Wheat futures had some pretty good gains. Wheat has some resistance to overcome, so keep your stops placed.

Corn futures had already made good gains from the previous week and made a little more last week. Corn seem to be at some resistance so watch it but I think it still looks good.

Oat futures moved up some but the volatility is still low. If oats keep moving up we may start seeing some volatility and larger daily moves.

Soybean futures made good gains last week. They may hit some resistance soon so watch them. overall soybeans still look strong.

Rice evidently held and bounced back up. Just a false breakout. I thought the indicators looked strong. I think rice should hold above support for now, but keep your stops placed.

May Chicago wheat futures closed Friday at 550.2, up 32¢ from last Friday.

May corn futures closed Friday at 396.4, up 8¢ from last Friday.

May oat futures closed Friday at 200.0, up 14¢ from last Friday.

May soybean futures closed Friday at 952.0, up 75.6¢ from last Friday.

May rice futures closed Friday at 12.825, up 1.200¢ from last Friday.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions