Midday update for Wheat price 16-08-2021

Sugar price keeps its stability above 20.00 barrier, getting continuous positive support by the EMA50, to keep our bullish overview on the intraday and short term basis, which targets 20.50 followed by 21.00 levels mainly, while holding above 20.00 represents initial condition to continue the suggested rise.

Soybean price fluctuates around 1370.00 level, and it needs to get the negative momentum and get positive motive that assist to push the price to continue the expected bullish trend for today, which targets 1380.00 followed by 1414.00 levels as next main stations, while holding above 1355.00 represents key condition to achieve these targets.

Corn price shows some bearish bias now to move below 571.50, waiting to get positive motive that assist to push the price to resume the expected bullish trend for the upcoming period, which depends on the price stability above 559.00, while it targets 584.10 followed by 599.70 levels as next main stations.