Wednesday, July 1, 2015  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
July 1, 2015
By: Brian Hoops, President
www.midwestmarketsolutions.com
follow us on twitter at MidwestMarkets
417-501-5132
Midwest Market Solutions is the leading edge in commodity marketing and trading
and is widely recognized as one of the top marketing advisory and brokerage firms in America.

HEADLINES
•    Markets will close at noon on July 2 and all of July 3 in observance of the Independence Day holiday. 
•    Starting July 6, grain markets will extend closing times to 1:20 pm ct. 
•    CME is increasing margin requirements for corn, soybeans, meal, wheat and KC wheat effective today's close. 
•    USDA announced they would re-survey soybean acres in Arkansas, Kansas and Missouri by August 12. 

Corn: 
•    December corn has resistance at $4.39 with support at $4.07  

Soybeans: 
•    November soybeans have chart resistance at $10.39 1/2 and support at $9.83    

Wheat: 
•    September Chicago wheat has chart resistance at $6.26 and support at $5.66

Live and Feeder Cattle: 
•    August live cattle have chart resistance at $150.55 and support at $147.82
•    August feeder cattle have chart resistance at $221.10 and support at $214.45

Lean Hogs: 
•    August lean hog have chart resistance at $75.10 and support at $71.20

Highlights of this week's Market Insider Weekly Newsletter include:
* Weekly crop progress and conditions report. 
* Look at the COT report. 
* Quarterly hog and pig report. 
* Monthly cold storage report. 
* Story on delay in closing the CME pits. 
* Increase in the 2016 spending bill. 
* Story on Monsanto cutting costs. 
* Plus much more. 

 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Jul 15 0'6 414'4 413'0 414'4 412'4 413'6 07:43P Chart for @C5N Options for @C5N
Sep 15 0'2 422'6 422'0 423'4 421'2 422'4 07:43P Chart for @C5U Options for @C5U
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Jul 15 -0'2 1043'6 1041'6 1044'4 1040'6 1044'0 07:44P Chart for @S5N Options for @S5N
Aug 15 0'2 1041'0 1040'0 1042'0 1038'2 1040'6 07:42P Chart for @S5Q Options for @S5Q
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Jul 15 2 3600 3606 3607 3600 3598 07:43P Chart for @SM5N Options for @SM5N
Aug 15 16 3538 3530 3539 3520 3522 07:43P Chart for @SM5Q Options for @SM5Q
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Jul 15 -0'2 587'2 587'2 587'2 587'2 587'4 07:43P Chart for @W5N Options for @W5N
Sep 15 1'6 590'2 588'0 591'0 586'2 588'4 07:43P Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Jul 15 566'0 576'0 Chart for @KW5N Options for @KW5N
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Jul 15 -0'4 607'0 607'0 607'0 607'0 607'4 07:14P Chart for @MW5N Options for @MW5N
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Aug 15 3.000 151.075 148.400 151.075 148.100 151.075s 04:07P Chart for @LE5Q Options for @LE5Q
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Jul 15 0.900 77.300 75.850 77.775 75.850 77.100s 04:07P Chart for @HE5N Options for @HE5N
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Sep 15 - 2.25 2068.75 2071.50 2071.75 2068.50 2071.00 07:43P Chart for @ES5U Options for @ES5U
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Aug 15 3.775 218.650 214.100 219.200 214.100 218.500s 04:06P Chart for @GF5Q Options for @GF5Q
Sep 15 3.650 217.175 212.725 217.475 212.725 217.050s 04:00P Chart for @GF5U Options for @GF5U
Oct 15 3.475 215.625 211.625 216.050 211.500 215.550s 04:00P Chart for @GF5V Options for @GF5V
My Custom Markets
Symbol Change Last Open High Low Close Time More


Today's Market Commentary

 

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National Radar

Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 84oF Feels Like: 91oF
Humid: 72% Dew Pt: 74oF
Barom: 29.8 Wind Dir: S
Cond: N/A Wind Spd: 13 mph
Sunrise: 5:57 Sunset: 8:37
As reported at SPRINGFIELD, MO at 7:00 PM
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  This material has been prepared by a sales or trading employee or agent of Midwest Market Solutions and is, or is in the nature of, a solicitation. This material is not a research report prepared by Midwest Market Solution’s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.
 
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