Wheat price hovers around the bearish channel’s resistance, waiting to resume the bearish wave that targets 568.50$ followed by 555.60$ levels as next negative stations, noting that the technical indicators provide negative signals that support the expectations to decline in the upcoming sessions, noting that breaching 599.00$ will stop the expected decline and lead the price to achieve new bullish correction that its next main target reaches 623.70$.

The expected trading range for today is between 570.00$ support and 582.00$ resistance.

Trend forecast: Bearish

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Sugar price confirmed breaking 21.55$ after closing the last daily candlestick below it, to head towards achieving expected decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, noting that the expected targets begin at 21.00$ and extend to 20.65$.

Holding below 21.55$ is important to the continuation of the expected decline, as breaching it will lead the price to recover and achieve gains that reach 22.73$.

The expected trading range for today is between 20.90$ support and 21.70$ resistance

Trend forecast: Bearish

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Soybean price begins today with clear negativity to head towards achieving expected decline in the upcoming sessions, targeting visiting the recently recorded low at 960.30$ as a next main station.

Therefore, the bearish bias will be expected for today, noting that breaching 1004.00$ will stop the current negative pressure and lead the price to recover again.

The expected trading range for today is between 975.00$ support and 1000.00$ resistance.

Trend forecast: Bearish

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Corn price is testing the key support 425.30$ now, and the price needs to hold above this level to keep the bullish trend active for the upcoming period, which its next target located at 434.30$.

Therefore, we will continue to suggest the bullish trend on the intraday basis, noting that breaking 425.30$ will push the price to decline and achieve negative targets that start at 416.30$.

The expected trading range for today is between 420.00$ support and 434.00$ resistance.

Trend forecast: Bullish

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