Wheat price provided additional positive trades yesterday to reach 590.00$ level, reinforcing the expectations of continuing the correctional bullish trend, which its next target located at 599.00$, noting that breaching this level will push the price towards 623.70$ as a next correctional station.
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Sugar price reached 18.42$ level, waiting to get positive motive that assist to push the price to breach this level and confirm achieving more bullish correction in the upcoming sessions, as the positive targets extend to reach 19.40$ areas.
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Soybean price faced clear negative pressure yesterday to test 1060.00$ areas, noticing that the EMA50 forms good support against the price, accompanied by stochastic getting rid of its negative momentum and gaining the positive momentum clearly, waiting to motivate the price to resume the bullish trend within the bullish channel that appears on the chart, which its next target located at 1100.00$.
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Corn price finds difficulty to surpass 504.00$ level, to show some temporary bearish bias and test the bullish channel’s support line, noticing that stochastic gains the positive momentum clearly, waiting to motivate the price to breach the mentioned level and open the way to achieve our expected targets at 516.00$ followed by 520.00$.
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