I finally got my new blog theme up and the website, too. I will try to keep improving on the website but it is functional now.

Most of the grain futures made a drop like I was talking about last week.

Wheat futures have been trading somewhat sideways but appear ready for a drop. Just keep your stops in place.

Corn futures followed with a drop. I expect them to drop more but the indicators are moving up so I would keep a close eye on corn.

Oat futures are hard to judge right now. They seem to have hit some resistance and the indicators are moving up, so I would expect a move up but if the other grains move down, oats could follow.

Soybean futures made a good move down, like I thought they would. They rebounded a little but I think they will move down again. Just keep a close stop.

Rough rice futures moved down and then right back up. Rice is hovering around support and the indicators are moving up, so we could see a move up in rice.

I know that my short term trading style may be hard for some people to keep up with. If you want to look at a longer term style of trading the futures markets, I would recommend looking at CRB’s program. The also have a service if you like to follow the commodity fundamentals and they offer a free trial to both services. You can check them out here:
CRB a Barchart company

September Chicago wheat futures closed Friday at 616.2, down ¢4.4 for the week.
September corn futures closed Friday at 318.2, down ¢36.4 for the week.

September oat futures closed Friday at 240.0, down ¢29.0 for the week.
August soybean futures closed Friday at 850.2, down ¢71.4 for the week.
September rough rice closed Friday at 10.440, up ¢.005 for the week.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions