I was pretty busy this weekend so I am making a Monday post.

The commodity grain futures seem to be trying to figure out which way they want to go.

Chicago wheat futures moved up a little at the end of last week and some today, but hasn’t broken resistance. Wheat appears to be moving in a somewhat sideways trend, but appears to be getting ready for a big move. The indicators are moving down so my prediction would be to the downside. Just keep your stops in place.

Corn futures have traded pretty much sideways. The indicators are moving up and corn may make a bounce up. If the other grains make a good drop though be careful, it could pull corn down too.

Oat futures may drop down a little but the indicators are moving up and oats could start back up soon. Just keep your stops in place.

Soybeans are hard to call right now. The volatility is high. The indicators have been pretty low but are moving up. They seem to have bounced off support today, so they could make a move up.

Rice futures made a jump up last week and the indicators are up so, rice appears it could keep going up. Just keep your stops in place.

September Chicago wheat futures closed today at 664.0, up 26.6¢ from last Monday.
September corn futures closed today at 325.6, up 2.2¢ from last Monday.
September oat futures closed today at 260.4, up 3¢ from last Monday.
September soybean futures closed today at 834.2, up 3.2¢ from last Monday.
September rough rice futures closed today at 10.500, up .230¢ from last Monday.
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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions