Wednesday, October 22, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
October 22, 2014
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
•    November grain option expiration is Friday, October 24. 
•    Cattle on feed report is Friday, October 24. 
•    New CME livestock trading hours begins Monday, October 27. 

Corn:
•    Taiwan is tendering for 60,000 mts of US corn. 
•    December corn has resistance at $3.48 with support at $3.43 

Soybeans: 
•    November soybeans have chart resistance at $9.67 and support at $9.44 

Wheat: 
•    Egypt bought 180,000 mts of France, Russian and Romanian wheat. 
•    December Chicago wheat has chart resistance at $5.23 and support at $5.07  

Live and Feeder Cattle: 
•    December live cattle have chart resistance at $169.67 and support at $165.90
•    November feeder cattle have chart resistance at $237.15 and support at $233.10

Lean Hogs: 
•    December lean hog have chart resistance at $89.40 and support at $88.00

Highlights of this week's Market Insider Weekly Newsletter include:
* Story on CME cutting its global workforce. 
* Story on a hedge fund closing its commodity fund. 
* Story on floor broker sued by CFTC. 
* Informa's 2015 acreage estimates.  
* A look at the livestock fundamentals. 
* A look at our speculative trade recommendations and positons. 
* A new look at the COT report. 
* Plus much more. 


 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -3'0 353'0 355'4 361'0 352'2 353'0s 03:55P Chart for @C4Z Options for @C4Z
Mar 15 -2'4 366'4 369'2 374'4 366'0 367'0s 03:42P Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Nov 14 -1'4 961'2 961'2 982'4 960'2 962'6s 03:57P Chart for @S4X Options for @S4X
Jan 15 -2'0 968'6 968'0 990'0 967'0 969'6s 02:35P Chart for @S5F Options for @S5F
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Dec 14 - 49 3374 3423 3536 3355 3380s 03:57P Chart for @SM4Z Options for @SM4Z
Jan 15 - 42 3295 3334 3432 3277 3300s 01:30P Chart for @SM5F Options for @SM5F
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Dec 14 3'0 522'4 521'0 528'6 516'0 522'2s 03:58P Chart for @W4Z Options for @W4Z
Mar 15 3'0 536'4 533'4 542'2 530'0 536'0s 03:51P Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Dec 14 3'0 605'6 603'0 612'0 599'2 605'2s 03:29P Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Dec 14 -0'2 569'4 570'0 577'6 566'2 568'6s 02:53P Chart for @MW4Z Options for @MW4Z
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 1.500 168.200 166.850 168.275 166.425 168.050s 04:00P Chart for @LE4V Options for @LE4V
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Dec 14 1.300 89.625 88.100 90.225 88.025 89.750s 04:12P Chart for @HE4Z Options for @HE4Z
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 - 13.00 1924.50 1938.25 1943.75 1920.25 1925.00s 04:15P Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 0.500 239.325 239.475 239.950 238.225 239.450s 04:11P Chart for @GF4V Options for @GF4V
Nov 14 1.250 235.600 234.000 236.075 233.225 235.175s 04:11P Chart for @GF4X Options for @GF4X
Jan 15 1.025 229.650 228.400 230.325 227.275 229.275s 04:11P Chart for @GF5F Options for @GF5F
My Custom Markets
Symbol Change Last Open High Low Close Time More


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Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 70oF Feels Like: 70oF
Humid: 46% Dew Pt: 48oF
Barom: 30.13 Wind Dir: SSE
Cond: N/A Wind Spd: 7 mph
Sunrise: 7:28 Sunset: 6:27
As reported at SPRINGFIELD, MO at 4:00 PM
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