Wheat futures started the week off a little weak and then made a surprising jump up on Wednesday, but it didn’t appear to me it was going to hold, and wheat moved back down on Friday. It appears to me that wheat could move back down, just keep your stops in place.

Corn futures have still moved sideways, but it is looking like they could make a move up soon, just keep a watch just in case corn moves below support.

Oat futures dropped on Monday and then hit some support, just like I thought. I think oats may still have a little drop left in them before hitting major support, just keep your stops in place.

Soybean futures hit some support and started trading sideways. Indicators are moving up and it appears soybeans could be ready for a move up soon. Just keep your stops in place in case soybeans move below support.

Rough rice futures trended down a little like I thought. They seem to have hit some more support and the indicators are moving up so I would be looking for a move up in rice soon.

Trading commodities can be risky, so remember to always keep your stops in place.

July Chicago wheat closed Friday at 512.4, down 2.2¢ for the week.

July corn closed Friday at 373.6, up 1.6¢ for the week.

July oats closed Friday at 269.4, up 6.2¢ for the week.

July soybeans closed Friday at 738.4, down 1.8¢ for the week.

July rough rice closed Friday at 10.315, down (approx.) .165¢ for the week.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions