Grain Commodity Futures Thursday Update

I don’t usually make a Thursday post, but I wanted to apologize to anyone who checked in to my site on Tuesday expecting a new post.

I was working on some links and I mistakingly published my blog while trying to save my information.

I think some people found the page I was working on. If you entered your information to get the free info, you should receive it. If you don’t, you can e-mail me at tony@thegraintrader.com and I will make sure you get it. Make sure you state that it’s o.k. to send the info to you in your e-mail. If you don’t I will e-mail you back and ask you to do it again.

I didn’t make a post on Tuesday because things were going as I had stated last weekend. The grains have stalled for a bit, except corn, which I thought was a drop in the making anyway. Not only have the technicals been down, but I guess I have to blame a few fundamentals for that. Not crop reports exactly, but I have heard that more farmers were planting corn this year than ever before. Where I live, I have seen a lot of corn fields growing, so it’s not like an exact science. But I know everyone doesn’t live in a town with a bunch of fields growing. That’s why I’m trying to get something together to teach you the fundamentals and the technicals, just give me a little time. I’ve been a trader not a teacher.

But remember I rely heavily on the technicals. And the technical Indicators I use probably encompass the fundamentals. But if you like watching the fundamentals, or are a trader who relies on the fundamentals, than I will have something good to offer you pretty soon.

Also, I guess you know that I am a short to medium term trader. If you are the same, than I hope to have something to offer soon to teach you what I know. But if you don’t have time to watch the market as often as I do, than you might be a medium to long term trader. I will have something to offer you too pretty soon.

But on to the market,

Chicago wheat futures are stalling and the indicators appear long overdue for a drop, so my money is on a drop in wheat. Just keep your stops in place. Wheat is pretty volatile right now.
Corn futures have made a serious drop and will probably rebound or at least stall. I would take profits and watch it for a little while. If you want to hold out, then keep a close stop.

I think oat futures will drop. My money is on it. My reasons are in the indicators.

Soybean futures are stalling like I said the grains would do, but all I can see s a drop. As always, keep your stops in place.

Rough rice futures have been in a down trend for the past couple of weeks and appear to be ready for another move down. Just keep your stops in place.

Sept. Chicago wheat closed today at 623.6
Sept. Corn closed today at 350.0
Sept. Oats closed today at 267.0
Sept. Soybeans closed today at 826.0
(July) rough rice closed today at 10.600

grain, trading, commodities, futures, investing, markets