Corn Futures rallied during July, August and September but pulled back and is currently testing the short-term support level at $6.37
Corn Futures need to hold the $6.37 level to prevent a sell off to the support level at $5.65, in our view.
Wheat Futures rallied during August and September but pulled back and is currently testing their support level at $7.53.
Wheat Futures need to hold the $7.53 level to prevent a sell-off to the support level at $6.17, in our view.
This report provides technical analyses of the following soft commodities: US Corn, US Wheat, Oats, Rough Rice, Orange Juice, US Coffee, US Sugar, US Soybean, Palm Oil, Rapeseed, and US Cotton Futures.