Chicago wheat futures moved down as I expected, but bounced up some on Friday. Volatility and daily trading range is high for wheat and corrections could cover a lot of ground, but I expect the trend to continue down.

Corn futures have made a small trend up and closed the gap that was left a few weeks ago. I don’t expect corn to start a major trend up. A wide trading range seems more likely, but don’t get complacent. Be ready for any surprises in the markets.

Oat futures moved up like I expected and are holding still. I expect the trend to continue up, but still keep your stops placed.

Soybean futures started moving down and bounced up to test resistance on Thursday, but it appears to be holding. I think soybeans have topped, but keep your stops placed.

Rough rice futures started dropping and then gapped up on Thursday to test resistance. I wouldn’t go long unless it brakes through resistance, which may not be likely.

December Chicago wheat commodity futures closed today at 855.4, down 2¢ from last Friday.

December corn commodity futures closed today at 370.2, up 19.2¢ from last Friday.

December oat commodity futures closed today at 282.0, up 5¢ from last Friday.

November soybean commodity futures closed today at 983.2, up 6.6¢ from last Friday.

November rough rice commodity futures closed today at 11.650, up .010¢ from last Friday.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions