Wheat futures hit some support this week and bounced back up. The volatility is pretty high, so be careful. It appears wheat could move back down some, but the indicators have moved up a little so keep an eye on wheat, especially if it moves up above resistance.

Corn futures made a drop in the middle of the week and then started to move up some. The indicators have been moving up some and have me believing corn could move up some, but corn has been trading sideways for a while, and I would just watch it for now.

Oat futures made another run up just like I expected. They dropped a little on Friday, but I wouldn’t cover any long positions just yet, but I would keep a close stop.

Soybean futures moved above resistance and made a temporary move up, but it appears to me that the move is about over and soybeans should start heading down soon.

Rough rice futures did bounce up off support and then headed back down. It appears to me that rice could start moving back up soon.
Always keep your stops in place.

July Chicago wheat closed Friday at 501.0, up 29.8¢ for the week.
July corn closed Friday at 376, down 4.8¢ for the week.
July oats closed Friday at 275.4, up 9.2¢ for the week.
July soybeans closed Friday at 812.4, up 20¢ for the week.
July Rough rice closed Friday at 10.210, up .095¢ for the week.
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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions