Volatility seems to be rising some in the grain futures markets lately. With the indicators not being too definite right now, I would be cautious. You don’t even have to be in the market if you feel unsure. You could wait for some more definite trades to come along. They always will.

Wheat futures dropped back down this week like I expected. Wheat appears to have some more room to fall, but since the indicators aren’t too definite right now I would be careful and keep a close eye on any shorts.

Corn futures have been disappointing this week. I expected a bigger move up, and it could still happen but the indicators aren’t too clear right now so I would be careful.

Oat Futures started moving up like I expected. I expect some more upward movement, but be careful, especially if they start to stall.

Soybean futures made a good move up like I was expecting. Soybeans appear to have hit some resistance, and the indicators are starting to head down. I would look for a drop in soybeans. Just be careful if they seem to break above resistance.

Rough Rice futures are unclear right now. They seemed to stall during the week and then dropped on Friday. Rice could drop a little more before hitting resistance. Indicators are not real clear, but rice could bounce back up off support. If rough rice futures seem to drop below support, we could see it go lower.

Always keep your stops in place.

July Chicago Wheat closed Friday at 471.2, down 21.8¢ for the week.
July corn closed Friday at 371.2, up 2¢ for the week.
July oats closed Friday at 266.2, up 10.6¢ for the week.
July Soybeans closed Friday at 792.4, up 30.8¢ for the week.
July Rough Rice closed Friday at 10.115, down .430¢ for the week.
grain, trading, commodities, futures, investing, markets

grains,trading,commodities,futures,investing,finance
Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions