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Grain Commodity Futures Trading And Technical Analysis

December 22, 2009
 

Commodity Grain Futures Friday Update

This will be a quick post. I am still continuing along the same lines as last week.
Chicago wheat futures continued to move up this week. The trend has been strong but volatility is high so be careful.

Corn futures is still trading sideways but could be getting ready for a move up, watch it close.

Oat futures made a move up like I was talking about and I think they will continue.

Soybean futures moved up some and stalled a little. Watch them close and see if they continue to move up. If they stall more, they could move sideways or down.

Rough rice futures made a small correction after breaking out to the upside but appear to be continuing the uptrend. I think there will be more movement upward.

I know it’s not much for this week but I should have some more info to share with you next week.

As always, keep your stops in place.

December Chicago wheat closed today at 843.4, up 68¢ for the week.
December corn closed today at 347.4, up 7.4¢ for the week.

December oats closed today at 263.6, up 9¢ for the week.

November soybeans closed today at 905.2, up 22.8¢ for the week.

November rough rice closed today at 11.200, up .070¢ for the week.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

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