Monday Update

Although Dec. Chicago Wheat made a jump up, it seems to be continuing the trend down.

My indicators for Dec. Corn were pointing to a correction and may still do so soon, but they reversed a little and corn broke a new high today so I would set a close stop or buy a protective option. I will let you know when the indicators point toward another correction. (Although this may be a false breakout, just be careful.)

Watch Dec. oats, I stated before I wasn’t sure oats would start down. I am sure they will soon though. They may have a little bounce left in them though.

Jan. Soybeans made a little jump up but did not break a new high. The indicators show a potential fall for soybeans but them could trade sideways for a little while. I don’t expect them to go higher, but always place your stops.

Rough Rice moved up another .100 points today (.10 Â¢) Rough rice seems to be moving up just like I said it would.

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