Wheat price bounced downwards clearly yesterday to succeed achieving first waited target at 630.00, starting today with more bearish bias to confirm the continuation of the bearish trend domination, noting that our next targets start at 606.00 and extend to 580.20.

Therefore, the bearish trend scenario will remain valid and active, reminding you that holding below 668.50 represents key condition to achieve the suggested targets.

The expected trading range for today is between 610.00 support and 635.00 resistance.

The expected trend for today: Bearish

Sugar price ended yesterday above 23.50 level, noticing that the price completed forming double bottom pattern that we expect to motivate the price to provide more positive trades in the upcoming sessions, to target testing 24.30 level initially, noting that breaching it will push the price to 25.25 as a next positive station.

Therefore, we expect to witness bullish bias on the intraday basis, noting that breaking 23.50 will stop the expected rise and push the price to decline again.

The expected trading range for today is between 23.60 support and 24.40 resistance

The expected trend for today: Bullish

Soybean price faced strong negative pressure yesterday, to break 1348.30 level and settle below it, to head towards achieving potential decline on the intraday basis, but we notice that stochastic shows clear positive signals now that might push the price to recover.

Therefore, we expect to witness sideways trades between 1311.70 support and 1385.00 resistance, and the price needs to surpass one of these levels to detect its next destination clearly, noting that breaking the mentioned support will push the price to return to the main bearish track and achieve negative targets that start at 1266.30, while breaching the resistance represents the key to achieve new gains that reach 1430.40.

The expected trading range for today is between 1300.00 support and 1365.00 resistance.

The expected trend for today: Sideways

Corn price provided new negative trades yesterday, to resume the expected bearish trend on the intraday and short-term basis, waiting to visit 467.00 followed by 435.60 levels as next main targets.

The negative effect of the head and shoulders’ pattern still active, and supports the chances of surpassing the mentioned levels and achieve more decline on the longer-term basis, reminding you that the continuation of the bearish wave depends on the price stability below 509.50 and 529.50 levels.

The expected trading range for today is between 462.00 support and 485.00 resistance.

The expected trend for today: Bearish