Chicago wheat futures moved down like I expected, and hit a little support. The indicators aren’t real sure, but it appears wheat could move down some more. Just keep your stops in place.

Corn futures have moved up some, like I expected. Indicators appear to show some more upward movement in corn. Just keep your stops in place.

Oat futures have moved somewhat sideways. I was expecting a downward movement, which may still happen, but the indicators aren’t very definite right now. Oats should be making a movement of some kind soon though.

Soybean futures moved up at the first of the week, like I thought, then came down a little by Friday. There could be some more upward movement in soybeans, but keep your stops placed. The indicators aren’t real definite right now.

Rough rice futures jumped up like I thought. The move up could continue, but like everything else this week, the indicators aren’t real definite. So just keep your stops placed.

Watch your positions and I’ll let you know when the indicators are a little more clear.

July Chicago wheat closed Friday at 494.6, down 17.8¢ for the week.

July corn closed Friday at 390.6, up 17¢ for the week.

July oats closed Friday at 268, down 1.4¢ for the week.

July soybeans closed Friday at 747.4, up 9¢ for the week.

July rough rice closed Friday at 10.730, up .415¢ for the week.

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions