Wheat price couldn’t manage to hold for long time above 668.50, to trade with strong negativity and break it to settle below it again, which puts the price under the negative pressure to head towards achieving negative targets that start at 625.40 and extend to 580.20.

Therefore, we expect to witness negative trades in the upcoming sessions conditioned by the price stability below 668.50, as breaching this level the key to start new recovery attempts and achieve more bullish correction.

The expected trading range for today is between 635.00 support and 680.00 resistance.

The expected trend for today: Bearish

Sugar price couldn’t manage to surpass 24.30 level, to rebound downwards clearly and approach the key support 23.50, affected by stochastic negativity, to face contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend, as it faces contradicted technical patterns that appear on the chart.

Note that the continuation of the decline and breaking 23.50 will push the price to resume the bearish correction and head towards 22.75 as a next negative target, while breaching 24.30 resistance represents the key to achieve new gains that reach 25.25 on the near-term basis.

The expected trading range for today is between 23.30 support and 24.30 resistance

The expected trend for today: Neutral

Soybean price continues to fluctuate at 1385.00 resistance line, to keep the sideways move scenario valid on the intraday basis, and the price needs to breach the mentioned resistance or break 1311.70 support line to detect its next destination clearly.

Note that the continuous consolidation of 1385.00 level against the positive attempts will push the price to decline towards the mentioned range’s support line, while you can review the details of the expected targets after breaching the mentioned levels in our previous technical report for Soy bean.

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

The expected trend for today: Sideways

Corn price ended yesterday below 509.50 level, to keep the main negative scenario dominant in the upcoming sessions, waiting to resume the bearish bias and head towards 467.00 followed by 435.60 levels as next main targets.

Therefore, we expect to witness negative trades today, supported by stochastic loss to the positive momentum clearly, in addition to the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 509.50 and the most important below 529.60.

The expected trading range for today is between 480.00 support and 510.00 resistance.

The expected trend for today: Bearish