Weekend Update
Wheat has been stalling and there’s a chance it could move a little lower before making a move up, but wheat is acting like it will move up soon.
Corn is stalling but appears to be ready for a fall. The indicators are pointing toward a downturn, just keep your stops placed.
Oats have trended down and have pretty much closed the gap. I can’t see them moving much higher because indicators are pointing toward a downturn. just keep you stops in place.
Soybeans seem to be stalling too, but indicators are pointing toward a drop. Just keep your stops in place.
Rice gaped down so shorts should cover and enter again only if rice starts moving down again.
March chicago Wheat ended the week at 463.4, down 3.6¢ for the week.
March corn closed the week at 405.4, down 1.6¢ for the week.
March oats ended the week at 262.2, down 3.4¢ for the week.
March soybeans ended the week at 710.4, down 2.8¢ for the week.
My information on rice may not be correct so I won’t quote it but it appears that rice moved down around .270¢ for the week.
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