Wheat price managed to touch our first negative target at 543.00$, waiting for more expected decline in the upcoming sessions to target 519.10$ as a next negative station.

The negative effect of the head and shoulders’ pattern still active and supports the expectations to decline, reminding you that it is important to hold below 568.50$ to continue the suggested bearish wave.

The expected trading range for today is between 535.00$ support and 555.00$ resistance.

Trend forecast: Bearish

Sugar price shows clear negative trades to move away from the bearish channel’s resistance line and reinforce the expectations of continuing the bearish trend on the intraday and short term basis, reminding you that our waited target is located at 20.08$.

The EMA50 supports the suggested bearish wave, noting that breaching 21.55$ will stop the bearish trend and lead the price to turn to rise.

The expected trading range for today is between 20.00$ support and 20.80$ resistance

Trend forecast: Bearish

Soybean price fluctuates around the EMA50, waiting to get negative motive that assist to push the price to resume the expected bearish wave on the intraday and short-term basis, which its next target located at 960.30$.

Holding below 999.50$ is important to the continuation of the expected decline, as breaching it will push the price to recover and test 1028.80$ areas before any new attempt to decline.

The expected trading range for today is between 975.00$ support and 995.00$ resistance.

Trend forecast: Bearish

Corn price traded with clear positivity in the previous sessions to approach the key resistance 434.30, noticing that the EMA50 formed good resistance against the price, while stochastic loses its positive momentum clearly.

Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin at 425.30$ and extend to 416.30$ after breaking the previous level, reminding you that the continuation of the bearish wave depends on the price stability below 434.30$.

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

Trend forecast: Bearish