This was a positive week for the grain market as everything seemed to move up. The volatility is pretty high so just use caution in your trades.

Wheat futures made a sharp jump up, contrary to what the indicators were saying, but that’s why we keep our stops placed. The uptrend has been strong in wheat and it’s hard to judge right now but this sharp up-move may be a preceding “last gasp” before a drop. Either way, wheat is pretty volatile and risky at this time, so be cautious.

Corn futures moved up this week and may have started the uptrend I was predicting. It could be slow with some sideways movement though, we’ll have to see.

Oat futures moved up like I thought but then came down a little to close with little gain for the week. I think oats are getting ready to move up though.

Soybean futures made a good rebound this week like I said. I think the trend will be down because the indicators have been so low, but they are starting to move up some, so just use caution.

Rough rice futures also moved up some this week and appear stuck in a sideways trend. I would expect a breakout to the upside, but always use caution.

As always, keep your stops placed.

Since September options expired today, next week I will start reporting December prices.

September Chicago wheat futures closed today at 725.6, up 53.6¢ for the week.
September corn futures closed today at 341.4, up 13¢ for the week.
September oat futures closed today at 247.0, up 1.6¢ for the week.
September soybean futures closed today at 849.0, up 37.6¢ for the week.
September rough rice futures closed today at 10.610, up .250¢ for the week.
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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions