Weekend Update
The grains traded somewhat sideways last week, but most of the indicators are making me think the downtrend will resume soon. The indicators for oats seem a little different though. I can’t see why they wouldn’t follow the downtrend, but I would keep a close eye on them.
March Chicago wheat closed at 494.2
March corn closed at 369.0
March oats closed at 265.6
Jan soybeans closed at 657.4
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