Wheat price trades positively to test the key resistance 668.50, and the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly, thus, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next target located at 630.00.

On the other hand, we should note that breaching 668.50 will stop the suggested bearish wave and lead the price to turn to rise.

The expected trading range for today is between 640.00 support and 670.00 resistance.

The expected trend for today: Bearish

Sugar price hovers around 23.50 level and attempts to consolidate below it, to continue suggesting the bearish trend for the upcoming period, which targets 22.75 level as a next main station.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 23.50.

The expected trading range for today is between 23.10 support and 23.80 resistance

The expected trend for today: Bearish

Soybean price surpassed 1348.30 level and settled above it, to turn to rise and achieve intraday gains that start by visiting 1385.00, noting that breaching this level will open the way to achieve additional rises that reach 1430.40 areas.

Therefore, we expect to witness more bullish bias in the upcoming sessions, supported by the EMA50, noting that it is important to hold above 1348.30 to achieve the waited targets.

The expected trading range for today is between 1360.00 support and 1400.00 resistance.

The expected trend for today: Bullish

Corn price settles below 509.50 level, and didn’t show any strong move in the previous sessions, thus, no change to the expected bearish trend scenario on the intraday and short term basis, affected by the previously completed head and shoulders’ pattern, reminding you that our waited targets begin at 467.00 followed by 435.60, which achieving them requires holding below 509.50 and 529.50 levels.

The expected trading range for today is between 480.00 support and 505.00 resistance.

The expected trend for today: Bearish