Weekend Update
The grains made a good drop last week, and should continue. There may be some volatility though. Wheat may bounce back up a little from support, and oats have been bouncing off support for some time. I would expect to see a break to the downside soon, but always keep your stops in place.
Wheat led the way between them, corn, oats and soybeans. March Chicago wheat closed the week at 485.6, down 35¢ for the week.
Soybeans came in second for a weekly drop of 21¢, January soybeans closed the week at 656.
Corn came in third with a weekly drop of 18.6¢, March corn closed the week at 368.4
Oats came in last with a weekly drop of 7.8¢, March oats closed the week at 260.4
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