Wheat price provided negative trades in the previous sessions to move away from 668.50, reinforcing the expectations of continuing the bearish trend on the intraday basis, reminding you that our waited targets begin at 625.00 and extend to 580.10.

The negative pressure formed by the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 668.50.

The expected trading range for today is between 640.00 support and 668.00 resistance.

The expected trend for today: Bearish

Sugar price finds difficulty to break 23.50 level, to show some temporary bullish bias, affected by stochastic positivity, while the EMA50 forms continuous negative pressure against the price, and the negative effect of the head and shoulders’ pattern still active.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin by breaking 23.50 to open the way to head towards 22.75, reminding you that the continuation of the bearish wave depends on the price stability below 24.30.

The expected trading range for today is between 23.30 support and 24.10 resistance

The expected trend for today: Bearish

Soybean price hovers around 1311.70 level, keeping the stability of the daily close below it, to keep the bearish trend scenario valid until now, waiting to get negative motive that assists to push the price towards 1290.00 followed by 1266.30 levels.

On the other hand, we should note that consolidating above 1311.70 will push the price to build intraday bullish wave that targets visiting 1328.00 followed by 1348.30 levels as next main stations.

The expected trading range for today is between 1290.00 support and 1320.00 resistance.

The expected trend for today: Bearish

Corn price didn’t show any strong move in the previous sessions, to remain stable around 490.00, thus, no change to the expected bearish trend for the upcoming period, which depends on the price stability below 509.50, reminding you that our next target reaches 435.60.

The expected trading range for today is between 470.00 support and 500.00 resistance.

The expected trend for today: Bearish