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Grain Commodity Futures Trading And Technical Analysis

February 5, 2012
 

Wednesday Update

The markets were closed yesterday for the national day of mourning for Gerald Ford, but the grains opened up with a bang today as they made a big drop,as I expected. I expect more of the same. Rice had a lot of volatility, but didn’t move much at the close. I’m not expecting it to, but I would watch rice close to see if it moves up above resistance.
March Chicago wheat closed today at 476.4, down 24.6¢

March corn closed today at 370.4, down 19.8¢

March oats closed today at 262.0, down 9¢

March soybeans closed today at 682.0, down 15.2¢

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions


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