# Weekly Analysis: Grains and Softs Markets

> DTN's weekly review of grains and softs reports the July 2018 oats contract closed at $2.36, down 5.5 cents on the week, and July rice closed at $12.99 after a new high of $13.215. Cotton and coffee were also lower on the week, with technical chart patterns discussed.

- Date: 2018-04-22 · published 2018-04-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10863-weekly-analysis-grains-and-softs-markets
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The analysis is routine chart commentary with no new fundamental cause. Rice and oats are not major feed price drivers here.

## Read by commodity

- OATS: neutral
- RICE: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2018-04-25 | 1 | -3.0% | -3.3 | July rough rice hit a new high of $13.215 before closing at $12.99, so the sharp one-day drop on 4/25 plausibly reflects profit-taking and technical reversal from an overextended rally. |
| RICE | 2018-04-26 | 1 | -3.0% | -3.3 | July rough rice had just hit a new high of $13.215 before closing lower, so the -3% drop on 4/26 plausibly reflects technical profit-taking after an overbought run. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2018/04/22/weekly-analysis-wheat-markets
- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2018/04/23/weekly-analysis-grains-softs-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.