Wheat price resumed its negative trades clearly yesterday to surpass our first target at 603.10 and reach the extended target at 590.00, and we suggest the continuation of the bearish bias to break the last level and open the way to extend the bearish wave towards 575.00 areas.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 603.10.

The expected trading range for today is between 575.00 support and 600.00 resistance.

The expected trend for today: Bearish

Sugar price attempted to breach 25.25 level but it ended yesterday below it, to keep the bearish trend scenario active, noticing that stochastic overlaps negatively to support the chances of resuming the correctional bearish wave, which its targets begin by testing 24.30.

Therefore, we are waiting for additional negative trades in the upcoming sessions supported by the EMA50, reminding you that breaching 25.25 – 25.45 levels will stop the negative scenario and push the price to turn to rise.

The expected trading range for today is between 24.60 support and 25.40 resistance

The expected trend for today: Bearish

Soybean price traded with strong negativity yesterday to reach the thresholds of the waited target at 1200.00, and we suggest the continuation of the bearish bias to surpass this level and achieve additional negative targets that reach 1170.00 areas.

Therefore, we area waiting for more expected decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that the consolidation of the current support areas against the negative pressure will lead the price to rebound bullishly and achieve intraday gains that target testing 1255.00 areas before any new attempt to decline.

The expected trading range for today is between 1180.00 support and 1225.00 resistance.

The expected trend for today: Bearish

Corn price traded with clear negativity yesterday to break 555.90 level and settles below it, which stops the correctional bullish scenario and push the price to return to the main bearish track again, on its way to achieve negative targets that start at 542.00 and extend to 526.10.

Therefore, we expect to witness more decline in the upcoming sessions supported by moving below the EMA50, noting that breaching 555.90 will push the price to recover again and head to visit 574.30 initially.

The expected trading range for today is between 535.00 support and 556.00 resistance.

The expected trend for today: Bearish