Indicators are showing January Soybeans are ready for a drop. They closed today at 686.2, a drop of 1.8 ¢

Oats are a little harder to judge but I believe indicators are showing that they are ready to drop too. March oats closed today at 268.6, a drop of 5.4 ¢

Indicators are not as definite on corn and wheat but they are close enough that I believe corn and wheat will follow suite and start dropping also.

March Chicago wheat closed today at 508.0, a drop of 6 ¢

March corn closed today at 384.6, a drop of 3.6 ¢

Just remember to keep your stops or buy protective options.

Rough rice made that little jump but has pretty much been trading sideways. I will need to watch the indicators because if it doesn’t have the push it needs to move up, rice may be in for a drop.

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