Wheat price declined strongly yesterday to succeed achieving our waited negative targets at 655.00 and 644.20, and by taking a deeper look at the chart, we find that the price completed forming head and shoulders’ pattern that has negative targets that surpass the last level to reach 629.40.

Therefore, we expect the continuation of the bearish trend domination in the upcoming sessions, taking into consideration that the stability of 644.20 level against the current negative pressure will push the price to start recovery attempts that target testing 662.50 areas initially.

The expected trading range for today is between 630.00 support and 655.00 resistance.

The expected trend for today: Bearish

Sugar price succeeded to touch our waited target at 16.15 and surpassed it to hint heading to achieve more expected decline in the upcoming period, being aware that we need to monitor 16.00 level, as breaking it will press on the price to start correctional bearish wave that its first target located at 15.55.

Therefore, we suggest witnessing more decline in the upcoming sessions unless the price managed to breach 16.40 and hold above it.

The expected trading range for today is between 15.80 support and 16.30 resistance

The expected trend for today: Bearish

Soybean price bounced downwards strongly yesterday to break the bullish trend line and settles below it, noticing that the price recorded lower high as appears on the chart, which hints that the price is on its way to achieve more expected decline in the upcoming period, paving the way to head towards 1315.00 followed by 1290.00 areas as main negative stations.

Therefore, the bearish bias will be expected for the upcoming period unless breaching 1400.00 and holding above it.

The expected trading range for today is between 1360.00 support and 1400.00 resistance.

The expected trend for today: Bearish

Corn price trades with clear negativity since yesterday, starting today with additional decline to approach our first waited target at 525.00, reinforcing the expectations of continuing the bearish trend, which its next target extends to 510.00.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period conditioned by the price stability below 555.00, noting that moving below the EMA50 supports the suggested decline.

The expected trading range for today is between 520.00 support and 535.00 resistance.

The expected trend for today: Bearish