This weeks update will be put out on Saturday.

This will be the last update for the March contract and our first for the July contract. Today's close will be important for the reasons listed below in each contract. March From last update, This week, it also traded above the 1550.00 major Gann square and swing

March Wheat from last week, It could not get up to 38.2% at 807.00, but did hit the 795.50 major Gann square and this reset the 38.2% level below to 764.00. Also right there is the 765.25 major Gann square and this is the

Soybeans March From the last update, Use 1499.75 as the swing point for the week. Above it, look for the area of 61.8% on the long term continuation chart at 1585.00 and the 1596.50 major Gann square. When and if it can get above the 1550.

*** This weeks Grain update will be posted on Sunday***

OVERVIEW Soybeans From last week, Use 1368.00 as the swing point to start the week again. After holding this level all of last week, it has now rallied 68 cents so far. It is still short of our upside target based on the ONE44 61.8% rule and when

Soybeans From last week, From last week we also mentioned that a trade below 1384.00 that held the 1368.00 major Gann square and closing back above it, should cause a quick rally. Friday's rally looks to be the start of it. The target will be 78.

Soybeans September From Friday, The long term target on a break from 1545.00 will be 78.6% of the move up and that is 1356.00. As always, we watch all the retracements on every move to see just how weak, or strong the market is regardless of the