The news programs seem to be trying to figure out why the commodities have started falling. Is it because the U.S. dollar is rising? Or something else?

Although we already knew the grains were going to fall, I really don’t bother myself with “why” when I’m doing my analysis. The only thing that matters to me is where they are heading. Who cares why? I enjoy listening to a lot of analysts, because I like trading. And you could try to figure out why a commodity moves a certain way, if you are bored. But you don’t have to know “why” a market is moving to know “where” it is moving.

Wheat has moved down 20.8¢ since Monday so I would be careful of a rebound. The indicators are starting to head up. Which could mean a change of direction soon. It could go lower, but it is risky. Prudent traders should take profits, aggressive traders could keep close stops.
Corn broke down, but moved up today. Although the indicators are still heading down, you may want to wait for a drop to be safe. I think it will go lower though. Corn is down 8.2¢ since Monday
Oats broke lower, and although I expect them to go lower, I would keep a close stop. Oats are harder to read. Oats are down 11.6¢ since Monday.

Although the indicators are heading for a bigger drop in soybeans, they didn’t break resistance yet. If you want to be safe you can wait until they break resistance. Soybeans moved down 16.8.¢ since Monday
Rough rice moved up for the week but moved down today. The indicators are pointing for a drop soon, so you may want to wait for the drop to make a trade. Rice closed up .145¢ since Monday.

grain, trading, commodities, investing, markets

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

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