Current wheat futures quotes of $6.17 reflect increased selling pressure from profit-takers. Analysts note that a temporary oversupply in the Gulf trade routes is weighing on sentiment. Rule #1: Don’t get crossways with the trend. This is the one, Gold’s Golden Rule. As I sent into Kitco this past Friday as part of its weekly poll of market analysts, “Up (gold’s direction next week). Because it would be foolish to think otherwise…”. Gold will continue to trend higher until it has a reason to not trend higher. Or as Newton’s First Law of Motion applied to markets states, “A trending market will stay in that trend until acted upon by an outside force.” What outside force is going to start selling gold? Central banks? Unlikely. Long-term investment interests? Probably not, though "a little ‘profit taking’ now and then is relished by the wisest men” [i] . If you're new to futures, the courses below can help you quickly understand the Corn market and start trading. With wheat futures quotes at $6.20, the market remains balanced between bullish export data and bearish currency effects. The open interest shift toward later expirations shows some hedging against potential harvest surpluses.