There still isn’t a lot of new information to share this week, so this will be a pretty basic post. Hopefully things will mellow out soon and give us some pretty sure trades. Remember that you don’t have to be trading all the time. It’s better to wait for a few highly profitable trades than to have a lot of loosing trades. If you feel like you must trade in a highly volatile market, you may want to consider using options. Options do offer some action with a limited risk amount.
Chicago wheat futures made a quick jump up last week but ended pretty much flat. Wheat has had a really strong run and could continue up a little, but I think it is starting to run out of steam. If wheat does start to fall, it could drop pretty fast.

Corn futures did make a little jump but is still stuck in it’s sideways pattern. I still think it will break out to the top, but I’m not sure when.

Oat futures continued the move up like I said they would. It looks like they will continue the trend up for now.

Soybean futures have rallied against the indicators along with wheat. Soybeans could keep it up for a little while, so if you are long, stay with it. Just remember to keep your stops or buy opposing options.

Rough rice futures made a jump up but moved back down after hitting some resistance. The direction for rice is unsure right now so keep a close stop.

December Chicago wheat closed today at 846.0, up 2.6¢ for the week.

December corn closed today at 349.0, up 1.6¢ for the week.

December oats closed today at 280.6, up 17.0¢ for the week.

November soybeans closed today at 954.6, up 49.4¢ for the week.

November rough rice closed today at 11.180, down .020¢ for the week.

grain, trading, commodities, futures, investing, markets

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

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