Wednesday, May 27, 2015  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
May 27, 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
•    Crop progress report was bearish with 74% of the corn crop rated g/e. 

Corn: 
•    July corn has resistance at $3.59 1/2 with support at $3.51  

Soybeans: 
•    July soybeans have chart resistance at $9.37 3/4 and support at $9.19   

Wheat: 
•    Iraq is tendering for 50,000 mts of wheat. 
•    Japan is tendering for 66,430 mts of wheat from the U.S. and 33,823 mts of wheat from Canada. 
•    July Chicago wheat has chart resistance at $5.04 and support at $4.87

Live and Feeder Cattle: 
•    August live cattle have chart resistance at $151.17 and support at $149.30
•    August feeder cattle have chart resistance at $220.22 and support at $215.85

Lean Hogs: 
•    June lean hog have chart resistance at $84.12 and support at $81.90

Highlights of this week's Market Insider Weekly Newsletter include:
* Bullish COT report for corn and soybeans. 
* Look at ending stocks forecasts. 
* COF report analysis.
* Cold Storage Report. 
* 2015 cash rent analysis. 
* Launch of a new CME contract. 
* Earnings of Deere & Co. 
* Plus much more. 

 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Jul 15 -4'2 350'6 355'0 356'4 350'2 355'0 12:20P Chart for @C5N Options for @C5N
Sep 15 -5'0 357'0 361'6 363'2 356'6 362'0 12:20P Chart for @C5U Options for @C5U
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Jul 15 2'6 925'2 922'0 931'6 922'0 922'4 12:20P Chart for @S5N Options for @S5N
Aug 15 1'2 914'4 913'4 921'4 911'2 913'2 12:20P Chart for @S5Q Options for @S5Q
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Jul 15 52 3071 3019 3085 3018 3019 12:20P Chart for @SM5N Options for @SM5N
Aug 15 41 3014 2973 3031 2971 2973 12:20P Chart for @SM5Q Options for @SM5Q
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Jul 15 -3'0 490'4 496'0 496'2 482'0 493'4 12:19P Chart for @W5N Options for @W5N
Sep 15 -5'2 495'6 501'2 502'6 487'2 501'0 12:19P Chart for @W5U Options for @W5U
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Jul 15 -8'2 516'2 526'4 526'4 509'0 524'4 12:19P Chart for @KW5N Options for @KW5N
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Jul 15 -5'0 548'2 554'0 555'4 540'4 553'2 12:20P Chart for @MW5N Options for @MW5N
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Jun 15 0.450 152.250 151.975 152.325 151.100 151.800 12:19P Chart for @LE5M Options for @LE5M
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Jun 15 0.900 84.075 83.500 84.500 83.375 83.175 12:20P Chart for @HE5M Options for @HE5M
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Jun 15 13.00 2118.00 2105.75 2118.75 2101.25 2105.00 12:21P Chart for @ES5M Options for @ES5M
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Aug 15 1.325 220.925 219.825 221.000 218.375 219.600 12:19P Chart for @GF5Q Options for @GF5Q
Sep 15 1.250 219.775 218.900 219.775 217.400 218.525 12:19P Chart for @GF5U Options for @GF5U
Oct 15 1.000 218.525 217.525 218.575 216.450 217.525 12:19P 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: 77oF Feels Like: 79oF
Humid: 64% Dew Pt: 64oF
Barom: 30.09 Wind Dir: SW
Cond: N/A Wind Spd: 5 mph
Sunrise: 5:56 Sunset: 8:24
As reported at SPRINGFIELD, MO at 12:00 PM
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