May Chicago wheat moved back down some this week. I would watch the support to see what happens. It appears it could bounce back up, but If it breaks through, it could go lower.

May corn moved down like I expected but just a little and then stalled. With the indicators so low, I would look for some more downward movement, but be careful.

May oats also moved back down to support. They could also bounce back up, but if they break through, they could go lower.

May soybeans moved down just like I expected. They may be hitting a little bit of resistance, but I would expect some more downward movement soon.

Rough Rice moved down like I expected, it hit support and bounced back up a little. I would expect it to move down before it tries to move up, or maybe trade sideways for a little while, but it’s not too clear right now.

Just remember to always keep your stops in place.

May Chicago wheat closed the week at 473.6

May corn closed the week at 421.0

May oats closed the week at 246.0

May soybeans closed the week at 753.4

(March) rough rice closed the week at 10.300

grain, trading, commodities, futures, investing, markets

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

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