Wheat closed the gap pretty quick and has not moved lower yet, and with the indicators for wheat moving up we could be looking at a move up in wheat, just keep your stops placed.

Corn made a quick rally, and the indicators started showing a small change, but have changed direction again and are pointing down again. Corn could at least come down and close the gap, but the indicators are moving toward a downturn.

Soybeans did the same as corn, with a small change showing in the indicators and now they have turned down again. Soybeans should start dropping soon.

Oats appear to be ready to drop too. Maybe just to close the gap, so keep stops in place.

Rice started to move down and with the indicators moving down, I expect some more drop in rice. Keep a close watch becuse it may stall around 10.400, before moving down, but I don’t expect it to hold.

There is a lot of volatility in the market so low risk (prudent) traders could wait for some confirmation or just sit tight for a while. There will be more chances for a trade later.
March Chicago wheat closed the week at 467.0

March corn closed the week at 406.6

March oats closed the week at 269.2

March soybeans closed the week at 717.6

March rough rice closed the week at 10.495

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