What Will The Grain Market Do This Week ?
Grain Futures-- The grain futures today were mixed with July wheat up $.16 to currently trade at 6.81 a bushel down about 20 cents for the week an incredibly volatile last week for wheat prices while corn futures which have been absolutely crushed this week were unchanged in the July contract currently at 5.75 and breaking new lows today in an incredibly volatile and choppy market which actually hit a high of 6.41 on Monday’s trading session. July oats are down 8 currently at 2.97 also marking a six week low in price this week looking at continue its bearish momentum while July rough rice is down $.40 currently at 14.51 breaking to new lows and continuing its bearish momentum to the downside. Soybean futures which hit an eight week low on Wednesday's trade are slightly higher by 4 cents to trade at 13.75 in the July contract with the next major support at 13.60 to the downside while July soymeal is slightly lower at 409 a ton on this morning in Chicago which will be an extremely volatile trading session due to the Memorial Day holiday. If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
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