Monday, September 22, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
September 22, 2014
By: Brian Hoops, President
www.midwestmarketsolutions.com
follow us on twitter at MidwestMarkets
417-501-8153
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
•    Margins for soybeans, wheat, corn, meal and oil were lowered. 
•    The small grains and stocks report will be released on Tuesday, September 30. 

Corn:
•    On Friday morning, exporters announced a sale of 375,936 mts of corn to Mexico.
•    December corn has resistance at $3.38 1/4 with support at $3.25 

Soybeans: 
•    On Friday morning, exporters announced a sale of 1,236,000 mts of soybeans to China. 
•    November soybeans have chart resistance at $9.69 and support at $9.30 1/2     

Wheat: 
•    Egypt purchased a cargo of US wheat in a weekend tender, the first purchase since February. 
•    December Chicago wheat has chart resistance at $4.88 and support at $4.64

Live and Feeder Cattle: 
•    October live cattle have chart resistance at $156.72 and support at $154.80
•    October feeder cattle have chart resistance at $229.80 and support at $226.25

Lean Hogs: 
•    October lean hog have chart resistance at $107.12 and support at $104.15

Highlights of this week's Market Insider Weekly Newsletter include:
* Corn and soybean outlook. 
* NOPA crush report. 
* Monsanto settles lawsuit with wheat farmers.
* Conab raises soybean estimate in Brazil. 
* Chicago traders drop lawsuit against CME Group. 
* Farmland price index drops to lowest reading since 2009.  
* COT report. 
* Plus much more.


 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -1'2 330'2 331'0 331'4 326'6 330'2s 05:02P Chart for @C4Z Options for @C4Z
Mar 15 -1'4 342'6 343'4 344'2 339'2 342'6s 05:00P Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Nov 14 -18'6 938'0 953'0 954'6 934'2 938'2s 05:02P Chart for @S4X Options for @S4X
Jan 15 -19'4 945'4 961'4 963'0 941'6 945'6s 05:02P Chart for @S5F Options for @S5F
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Oct 14 - 47 3198 3236 3237 3177 3194s 04:58P Chart for @SM4V Options for @SM4V
Dec 14 - 49 3107 3147 3150 3090 3105s 04:58P Chart for @SM4Z Options for @SM4Z
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Dec 14 2'2 476'4 476'2 480'6 469'4 476'6s 05:05P Chart for @W4Z Options for @W4Z
Mar 15 -1'4 489'0 491'4 495'2 483'2 489'4s 01:30P Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Dec 14 0'0 559'4 560'2 565'2 553'4 560'2s 04:45P Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Dec 14 1'2 534'0 535'0 541'6 530'0 536'6s 05:02P Chart for @MW4Z Options for @MW4Z
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 - 0.025 155.475 155.475 155.600 155.475 155.500 05:04P Chart for @LE4V Options for @LE4V
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Oct 14 - 0.300 107.000 107.275 107.325 106.950 107.300 05:06P Chart for @HE4V Options for @HE4V
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 - 1.50 1984.75 1984.00 1985.00 1984.00 1986.25 05:06P Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Sep 14 - 0.300 230.275 230.050 230.400 229.375 230.300s 05:01P Chart for @GF4U Options for @GF4U
Oct 14 0.550 229.300 228.175 229.650 226.125 229.275s 05:05P Chart for @GF4V Options for @GF4V
Nov 14 1.100 227.275 226.100 227.950 223.750 227.425s 05:05P Chart for @GF4X Options for @GF4X
My Custom Markets
Symbol Change Last Open High Low Close Time More


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Springfield, MO
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