Wheat price rallied upwards sharply after testing 557.30 level in the previous sessions, to reach the thresholds of 580.00 areas now, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, which its next main target located at 590.50.

The EMA50 keeps supporting the suggested bullish wave, which will remain valid and active unless breaking 557.30 level and holding below it.

The expected trading range for today is between 570.00 support and 590.00 resistance.

The expected trend for today: Bullish

Sugar price ended last Friday with clear positivity to breach 13.15 level and settles above it, which puts the price inside the bullish channel again, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to head towards 13.73 that represents our next main target.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability below 12.86.

The expected trading range for today is between 13.10 support and 13.73 resistance

The expected trend for today: Bullish

Soybean price attempted to break 1039.60 level but it returned to hold above it, which keeps our bullish overview valid on the intraday and short term basis, which its next main target located at 1065.80.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, which will remain valid unless breaking 1039.60 followed by 1029.50 levels and holding below them.

The expected trading range for today is between 1035.00 support and 1060.00 resistance.

The expected trend for today: Bullish

Corn price begins today with bullish bias in attempt to move away from the bullish channel’s support line that appears on the chart, to keep the bullish trend scenario valid and active for the upcoming sessions, supported by the EMA50, waiting to head towards 390.00 that represents our next main target.

On the other hand, we should note that the continuation of the bullish wave requires holding above 375.40.

The expected trading range for today is between 375.00 support and 390.00 resistance.

The expected trend for today: Bullish