Wheat futures seemed to hit a little resistance at the first of the week, like I thought. They jumped up again on Thursday and Friday. Wheat futures are around another resistance level and indicators are starting to head down so I would be careful and watch any long positions closely.

Corn futures have been trading somewhat sideways. I’m not real sure about a direction yet, we’ll have to see which way it breaks, unless the indicators become clearer soon.

Oat futures seemed stuck at support for most of the week and then dropped pretty hard on Friday just like I thought. Oat futures could drop some more but could hit some support soon.

Soybean futures did drop just like I said and seemed to hit some more support. There could be some more of a drop but the indicators are starting to head up so keep a close eye on any shorts.

Rough Rice futures have traded sideways after closing last weeks gap. They could continue the downtrend but the indicators are not too sure right now, so keep a close stop.

July Chicago wheat futures closed the week at 514.6¢

July corn futures closed the week at 372.0¢

July oat futures closed the week at 263.2¢

July soybean futures closed the week at 740.2¢

(May) rough rice futures closed the week at 10.090¢

grain, trading, commodities, futures, investing, markets

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

Be Sociable, Share!

•