Wheat price managed to break the bullish channel’s support and settles below it now, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, targeting 536.80 level as a next main station, being aware that the failure to settle below 545.00 will push the price to achieve intraday gains that target testing 557.30 level initially.

The expected trading range for today is between 536.00 support and 550.00 resistance.

The expected trend for today: Bearish

Sugar price faces a negative pressure to head towards a potential test to the critical support at 12.86, affected by stochastic negativity, waiting for getting positive motive that assists to push the price to rise again, where the bullish trend remains valid for today unless breaking the mentioned support and holding below it, pointing that our next main target is located at 13.73.

The expected trading range for today is between 13.00 support and 13.73 resistance

The expected trend for today: Bullish

Soybean price tests the bullish channel’s support and attempts to break it, waiting for more of the downside moves to visit 993.40 level that represents our next negative target, to keep our bearish trend expectations for today unless the price rallied to breach 1039.60 level and holding above it.

The expected trading range for today is between 993.00 support and 1015.00 resistance.

The expected trend for today: Bearish

Corn price shows more of the bearish bias, to move away from the intraday bearish channel’s resistance, reinforcing the expectations for the continuation of the bearish trend for the rest of the day, reminding you that our next target at 362.40, and breaking it represents the rally key towards 352.00 as a next target, while holding below 375.40 represents an important condition for achieving the suggested targets. 

The expected trading range for today is between 360.00 support and 370.00 resistance.

The expected trend for today: Bearish