Wheat price ended the last sessions positively to attempt to breach 668.50 level, but we notice that the EMA50 forms good resistance against the price, accompanied by stochastic loss to the positive momentum clearly and reaching the overbought areas.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 625.00 followed by 580.10 levels as next main stations, noting that it is important to hold below 668.50 – 677.00 levels to achieve the suggested targets.

The expected trading range for today is between 640.00 support and 675.00 resistance.

The expected trend for today: Bearish

Sugar price touched our waited target at 23.50 and found good support there, to show some bullish bias and retest the broken neckline of the head and shoulders’ pattern that its signs appear on the chart, and we suggest resuming the negative trades to surpass the mentioned level and open the way to rally towards 22.75 as a next negative target.

Therefore, the bearish trend scenario will remain valid for the upcoming period, noting that breaching 24.30 will stop the negative scenario and lead the price to turn to rise.

The expected trading range for today is between 23.30 support and 24.10 resistance

The expected trend for today: Bearish

Soybean price managed to surpass 1311.70 level and hold below it, reinforcing the expectations of continuing the domination of the bearish trend to achieve new negative targets that start at 1290.00 and extend to 1266.30.

Therefore, we are waiting for more expected decline on the intraday and short-term basis, noting that breaching 1311.70 will stop the current negative pressure and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 1280.00 support and 1310.00 resistance.

The expected trend for today: Bearish

Corn price settles below 509.50 level, showing negative trades to gradually approach our first waited target at 470.00, to keep the bearish trend scenario valid and active, and we suggest the continuation of the bearish bias to achieve additional negative targets that reach 435.60.

The EMA50 continues to support the expected bearish trend, reminding you that it is important to hold below 509.50 to achieve the waited targets.

The expected trading range for today is between 470.00 support and 500.00 resistance.

The expected trend for today: Bearish