The grains made a good drop this week just like I was expecting. I was warning about a drop so I hope it didn’t take anyone by surprise, but if it did, I hope you had your stops placed. Some of the grains may be hitting some support and stall a little or make a little rebound. I don’t think the drop is over yet, but I will keep a close eye and keep you posted. Just keep your stops placed if you don’t take your profits.

Wheat futures dropped some early in the week and then traded sideways. It looks like Wheat is ready for a drop now, but keep your stops in place.

Corn futures moved down nicely this week, but may hit a little support soon, so keep your stops in place.

Oat futures moved down nicely too, but appear ready to hit some support, so keep your stops in place.

Soybean futures made a good drop too. I think soybeans have more of a drop in them, but as always, keep your stops placed.

Rough rice dropped a little and then moved sideways. It looks like rice is ready for a drop now. Just set your stops.

Since the July options expired this week, next week I will report the September contract prices.

July Chicago wheat closed the week at 592.2, down 14.2¢ for the week.
July corn closed the week at 367.4, down 51.6¢ for the week.
July oats closed the week at 264.0, down 28¢ for the week.
July soybeans closed the week at 797.0, down 50.2¢ for the week.
July rough rice closed the week at 10.640, down .080¢ for the week.
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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions