MIDWEST MARKET SOLUTIONS EARLY MARKET COMMENTARY February 26, 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 • First notice day for March grain futures is Friday, February 27. • Last trading day for February live cattle is Friday, February 27.
Corn: • May corn has resistance at $3.91 with support at $3.78 1/2
Soybeans: • May soybeans have chart resistance at $10.24 and support at $10.13
Wheat: • Exporters announced sale of 120,000 mts of HRW to Egypt. • Bangladesh tendered for 50,000 mts of optional origin wheat. • May Chicago wheat has chart resistance at $5.05 and support at $4.90
Live and Feeder Cattle: • April live cattle have chart resistance at $147.82 and support at $145.50 • March feeder cattle have chart resistance at $198.90 and support at $195.05
Lean Hogs: • April lean hog have chart resistance at $69.75 and support at $67.45
Highlights of this week's Market Insider Weekly Newsletter include: * The outlook for grains and livestock. * Highlights of the USDA Outlook Conference. * NOPA crush report. * A look at Central Plains farmland prices. * New wheat contract being launched by the CME Group. * Deere & Co. posts a major drop in profits. * Plus much more.
Futures
@C - CORN - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
4'2
379'6
376'0
382'2
375'0
380'0s
03:21P
May 15
4'6
388'2
384'0
390'4
383'0
388'4s
03:49P
@S - SOYBEANS - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
16'2
1024'2
1007'4
1024'6
1006'0
1024'0s
03:42P
May 15
15'6
1026'4
1010'4
1027'0
1008'6
1026'4s
03:30P
@SM - SOYBEAN MEAL - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
41
3556
3507
3556
3482
3546s
02:53P
May 15
43
3446
3399
3447
3376
3441s
02:34P
@W - WHEAT - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
5'4
504'0
498'0
504'4
491'2
503'2s
01:30P
May 15
3'2
499'6
497'0
501'2
489'6
500'4s
03:31P
@KW - HARD RED WINTER WHEAT - KCBT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-1'0
527'2
527'2
530'2
517'2
527'2s
03:22P
@MW - HARD RED SPRING WHEAT - MGE
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-1'4
550'4
553'0
554'6
545'0
551'2s
03:28P
@LE - LIVE CATTLE - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Feb 15
2.775
161.750
158.525
163.100
158.525
161.125s
04:10P
@HE - LEAN HOGS - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Apr 15
-2.175
66.825
68.875
69.100
66.550
67.150s
04:00P
@ES - E-MINI S&P 500 - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
- 0.25
2109.75
2110.50
2114.75
2101.50
2110.00s
04:15P
@GF - FEEDER CATTLE - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
3.325
200.725
197.500
201.400
197.200
200.300s
04:00P
Apr 15
3.200
199.450
196.225
200.325
196.175
199.050s
04:00P
May 15
3.350
199.000
195.650
200.000
195.650
198.925s
04:01P
My Custom Markets
Symbol
Change
Last
Open
High
Low
Close
Time
More
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