Sorry I didn’t make a post last weekend. Things didn’t seem to change my predictions much, so since I have been pretty busy, I left it like it was. I am also trying to get my posts turned around so I can make them during the week and leave my weekends free. I intend on making my posts on Friday as an update for the week. If I can’t make it, I will make it on Monday or Tuesday.

The best thing I could suggest though, is to invest some time to learn this business on your own so you don’t have to rely on anyone else. You could see some phenominal returns on your investment!

I started my blog as a hobby, to compliment my trading but now “TheGrainTrader” is starting to take quite a bit of time. I’m glad though, I hope I can inspire as many people as I can to take the time to learn this business.

I will be starting an e-mail newsletter soon, and I am working on a detailed program to teach people my exact methods of predicting the grain markets. And I won’t leave anyone hanging like a lot of other so called “Trading Teachers” do. If you have followed my blog, you know my methods work. You have followed my wins and a few losses, but I have posted everything, since I have nothing to hide. My method works, it’s there in black and white.

But on to the markets.

Chicago wheat futures have been in an uptrend and moved up the past couple of weeks. The exact end of a move is sometimes hard to judge, and like I said, you don’t always have to be in the market but the indicators are very low for wheat. They have leveled off temporarily, but if you are long wheat, I would consider taking profits or keeping a close stop or buying a put as insurance. I am expecting a drop in the near to mid term.

Corn futures made a little jump up last week like I expected and then traveled down this week but didn’t break support. The indicators are up for corn, so we may see corn start moving up.

Oat futures moved down a little but seem to have hit some support. I think support will hold and oats should move up soon.

Soybean futures did rebound some the past few weeks like I thought they would but I have stated that the indicators for soybeans were very low. We found out how low yesterday when September soybeans were down as much as 47¢ in one day! I think the trend is probably down but soybeans could rebound some after a drop like that.

It’s hard to judge rough rice futures right now. The indicators were moving up and rice hit support but only moved sideways. The indicators are starting to move down a little, so I would wait to see what rice does.

As always, keep your stops in place.

September Chicago wheat futures closed today at 672.0

September corn futures closed today at 328.4

September oat futures closed today at 245.4
September soybean futures closed today at 811.4
September rough rice futures closed today at 10.360

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions