A short update for this Wednesday. I don’t always do a Wednesday update but I will try to do one more often just to let you know what is happening…

March Chicago Wheat moved down a little yesterday and now appears ready to bounce up off support. The indicators are still moving up.

March corn moved down today so stay with any shorts, just keep a close stop.

March oats are doing the same, so stay with any shorts, just keep a close stop.

March soybeans are stalling. The indicators are heading down and the price action is making it appear they are ready for a drop.

March rough rice moved up today and could move higher, but the price action isn’t giving me any definite signals. Just be cautious.

March Chicago wheat closed at 452.0

March corn closed at 392.2

March oats closed at 250.0

March soybeans closed at 741.0

March rough rice closed at 10.170

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