The grains had moved down quite a bit by Thursday, and rebounded a little on Friday. Wheat and corn gapped down and may try to close it. The indicators are still pointing down and wheat seems to still be trending down, while corn oats and soybeans are trying to break resistance. I think they will, but be cautious. You could take profits on shorts, to be safe and reenter when they break resistance or start heading down again. Rice is holding in a tight range, and although it is indicating a drop, I would wait for it.
March Chicago wheat closed the week at 470.2, down 30¢ for the week.

March corn closed the week at 368.2, down 22¢ for the week.

March oats closed the week at 261.6, down 9.4¢ for the week.

March soybeans closed the week at 681.4, down 15.8¢ for the week.

March rough rice closed the week at 10.465

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

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