MIDWEST MARKET SOLUTIONS EARLY MARKET COMMENTARY July 30, 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 • Due to travel schedule, there will not be a newsletter Thursday or Friday. • This Friday, the July jobs report is released. Expectations are 230K new jobs and the unemployment rate steady at 6.1% • First notice day for August futures is July 31. • Last trading day for August live cattle options is Friday, August 1. • First notice day for August live cattle is Monday, August 4.
Corn: • On Tuesday, exporters announced a sale of 147,000 mts of corn to Columbia. • December corn has resistance at $3.77 with support at $3.65
Soybeans: • On Tuesday morning, exporters announced sale of 135,000 mts of soybean meal to an unknown destination for the 2014/15 marketing year. • November soybeans have chart resistance at $11.15 and support at $10.91 1/2
Wheat: • Taiwan is tendering for 84,000 mts of US wheat. • Egypt announced a tender for wheat. • September Chicago wheat has chart resistance at $5.38 and support at $5.19
Live and Feeder Cattle: • October live cattle have chart resistance at $159.75 and support at $158.15 • October feeder cattle have chart resistance at $222.75 and support at $219.37
Lean Hogs: • October lean hog have chart resistance at $110.35 and support at $104.70
Highlights of this week's Market Insider Weekly Newsletter include: * The COF report * The monthly cold storage report. * New hedging advice for soybean producers. * Corn and soybean yield forecasts from CWG. * ARC guarantee for 2014 wheat. * Farmland Partners interested in purchasing US farmland. * Story on Morgan Stanley expanding in commodities. * Plus much more.
For more information visit our website at www.midwestmarketsolutions.com. Clients receive web access as a free service, access is available for a small monthly fee to non-clients.
Services available at Midwest Market Solutions:
* Full Service Brokerage * Discount Service Brokerage * Free Trading Platforms and Market Quotes * Market Solutions Hedge Program * Market Insider Daily Newsletter * Market Insider Weekly Newsletter * Audio Market Commentaries * Professional Trading Systems
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 Solutions’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.
DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION.
The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Midwest Market Solutions believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.
Copyright 2014 Midwest Market Solutions, Inc.
Member Login
Market Insider Newsletter
SUBSCRIBE ONLINE! You can now buy a subscription online using Pay Pal! We offer three choices when it comes to subscribing to our service, monthly or yearly or just the weekly Market Insider Newsletter.
Monthly Website Subscription $20 Monthly
VIP Website Subscription $200 Annually
Market Insider Newsletter $10 Monthly
Market Solutions Hedge Program $500/newsletter only or $1/acre for full service
Services available...
Midwest Market Solutions: • Full & Discount Service Brokerage • Market Solutions Hedge Program • Market Insider Daily Newsletter • Market Insider Weekly Newsletter • Audio commentaries
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.
DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION.
The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Midwest Market Solutions believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.
