Grain Commodity Futures Weekend Update

I apologize for not being able to make a post last weekend. I was extremely busy and tied up and I didn’t have access to a laptop to make my posts. I will make sure I remedy that situation next time so I don’t leave you guys hanging. I have also been very busy, trying to get a website up. I thought I had it ready but when I uploaded it today, I realized I had a few errors to fix. I should have it ready soon though.

The volatility in the grains is pretty high and the indicators aren’t real clear right now, but I think we could see some drop in the grains soon.

Wheat futures did hit some support, and bounced up after my last post. The indicators made a bounce up and are starting to head down now. I would watch wheat to make sure it doesn’t break above resistance.

The indicators have moved up on corn futures, and so did the price. With indicators on the high side we could see more of a move up in corn, but always keep your stops in place.

The indicators for oat futures have made a move up, so we could see oats move to the upside, before bottoming out for the summer.

Soybean futures did move up as the indicators moved up, but the indicators are moving back down, so we could see a drop in soybeans.

Rough rice has continued down, but is hovering around support and may be ready for a bounce up.

As always, keep your stops in place.

September Chicago wheat closed the week at 620.6

September corn closed the week at 354.6

September oats closed the week at 269.0

August soybeans closed the week at 921.6

September rough rice closed the week at 10.445

grain, trading, commodities, futures, investing, markets