Wheat price found difficulty to breach 520.30 level yesterday, to rebound bearishly and move away from this level, which hints the price head to provide more negative trades in the upcoming sessions, supported by the negative signal provided by stochastic.

Therefore, we suggest witnessing bearish bias today, and the first target is represented by testing 503.70, noting that breaching 520.30 and holding above it will stop the suggested decline and push the price to achieve additional gains that reach 536.80.

The expected trading range for today is between 500.00 support and 525.00 resistance.

The expected trend for today: Bearish

Sugar price provided negative trades by the end of yesterday to head towards potential retest to the breached neckline of the inverted head and shoulders’ pattern that appears on the chart, and the EMA50 meets this level that forms key support at 10.60 to add more strength to it, which supports the chances of resuming the expected bullish trend for the upcoming period after testing the mentioned support.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless we witnessed clear break and hold below 10.60.

The expected trading range for today is between 10.60 support and 11.45 resistance

The expected trend for today: Bullish

Soybean price managed to break 838.30 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, opening the way to head towards our next negative target that reaches 816.30.

Therefore, we will keep our bearish overview conditioned by the price stability below 848.00.

The expected trading range for today is between 825.00 support and 845.00 resistance.

The expected trend for today: Bearish

Corn Price tested the bullish channel’s support line that appears on the chart and settles near it, waiting to break this support to confirm the extension of the bearish wave that targets 307.60 followed by 300.00 levels mainly.

In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 326.10 and hold above it.

The expected trading range for today is between 310.00 support and 326.10 resistance.

The expected trend for today: Bearish