Wheat price traded with clear negativity yesterday to break 595.00 level and settles below it, to stop the correctional bullish scenario and head towards resuming the main bearish trend again, targeting testing 572.50 followed by 549.70 levels as main negative stations.

Moving below the EMA50 supports the continuation of the expected decline, which will remain valid unless the price rallied to breach 605.00 and hold above it.

The expected trading range for today is between 565.00 support and 585.00 resistance.

The expected trend for today: Bearish

Sugar price provided additional positive trades yesterday to reach the thresholds of the main waited target at 27.82, and we expect the continuation of the bullish bias to surpass this level and achieve additional gains that reach 28.50.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 26.74 and holding with a daily close below it.

The expected trading range for today is between 27.00 support and 28.00 resistance

The expected trend for today: Bullish

Soybean price settles below 1311.70 level, and by taking a deeper look at the chart, we find the price formed head and shoulders’ pattern that its confirmation line located at 1298.00, which means that breaking this level will activate the negative effect of this pattern and push the price to resume the expected bearish wave on the intraday basis, which its next main target located at 1266.30.

Therefore, our bearish overview will remain valid, reminding you that it is important to hold below 1311.70 to achieve the waited targets.

The expected trading range for today is between 1275.00 support and 1315.00 resistance.

The expected trend for today: Bearish

Corn price provided additional negative trades to achieve our second waited target at 487.90, and the price presses on this level to hint heading to achieve more expected decline in the upcoming period, paving the way to visit 481.30 areas as a next station.

Therefore, the bearish trend scenario will remain dominant in the upcoming sessions, noting that it is important to hold below 493.20 to continue the expected decline.

The expected trading range for today is between 481.00 support and 493.00 resistance.

The expected trend for today: Bearish