Tuesday, May 5, 2015  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
May 5, 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
•    Corn and soybean planting pace is above the normal for this time of year. 
•    Weather conditions look nearly ideal. 

Corn: 
•    Taiwan tendered to buy 50,000 mts to 65,000 mts corn from the US, Brazil or Argentina.
•    July corn has resistance at $3.64 with support at $3.59 

Soybeans: 
•    July soybeans have chart resistance at $9.78 ½ and support at $9.64 

Wheat: 
•    No Japan wheat tender this week. Iraq canceled a tender for milling wheat. 
•    Egypt announced a tender for 55,000 mts – 60,000 mts of optional origin wheat. 
•    July Chicago wheat has chart resistance at $4.80 and support at $4.66   

Live and Feeder Cattle: 
•    June live cattle have chart resistance at $151.32 and support at $148.35
•    August feeder cattle have chart resistance at $217.90 and support at $213.37

Lean Hogs: 
•    June lean hog have chart resistance at $81.97 and support at $80.20

Highlights of this week's Market Insider Weekly Newsletter include:
* Outlook for the grain markets. 
* New trading limits announced by CME Group. 
* A look at US tractor sales in March. 
* Quarterly profits of DuPont. 
* Story on UK trader of manipulating the commodities markets. 
* Profits of the CME Group.
* Plus much more. 

 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
May 15 -0'2 358'4 357'6 359'0 354'0 358'6 12:05P Chart for @C5K Options for @C5K
Jul 15 -2'2 359'0 360'0 360'6 355'6 361'2 12:05P Chart for @C5N Options for @C5N
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
May 15 9'6 992'6 982'4 992'6 981'4 983'0 12:05P Chart for @S5K Options for @S5K
Jul 15 7'6 984'0 975'6 984'6 974'2 976'2 12:05P Chart for @S5N Options for @S5N
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
May 15 7 3165 3150 3166 3137 3158 12:05P Chart for @SM5K Options for @SM5K
Jul 15 5 3135 3123 3141 3105 3130 12:05P Chart for @SM5N Options for @SM5N
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
May 15 -9'2 460'0 468'6 469'6 460'0 469'2 12:05P Chart for @W5K Options for @W5K
Jul 15 -9'6 463'0 471'2 472'6 460'6 472'6 12:05P Chart for @W5N Options for @W5N
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
May 15 -3'4 490'2 490'4 490'4 490'2 493'6 12:05P Chart for @KW5K Options for @KW5K
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
May 15 -2'4 513'4 513'2 513'4 513'2 516'0 12:05P Chart for @MW5K Options for @MW5K
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Jun 15 0.125 150.850 151.200 152.050 150.050 150.725 12:05P Chart for @LE5M Options for @LE5M
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
May 15 2.525 79.450 76.925 79.600 76.925 76.925 12:05P Chart for @HE5K Options for @HE5K
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Jun 15 - 18.00 2091.25 2109.50 2111.75 2089.50 2109.25 12:04P Chart for @ES5M Options for @ES5M
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
May 15 - 0.150 215.000 215.350 216.000 214.000 215.150 12:05P Chart for @GF5K Options for @GF5K
Aug 15 0.050 217.375 217.775 218.900 216.200 217.325 12:05P Chart for @GF5Q Options for @GF5Q
Sep 15 0.050 216.875 217.100 218.325 216.000 216.825 12:05P Chart for @GF5U Options for @GF5U
My Custom Markets
Symbol Change Last Open High Low Close Time More


Today's Market Commentary

 

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
$300/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
 
 

National Radar

Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 75oF Feels Like: 78oF
Humid: 62% Dew Pt: 61oF
Barom: 30.13 Wind Dir: SSE
Cond: N/A Wind Spd: 12 mph
Sunrise: 6:14 Sunset: 8:06
As reported at SPRINGFIELD, MO at 11:00 AM
View complete Local Weather

   

Member Login


  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 jurisidiction
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 2015 Midwest Market Solutions, Inc.
 

 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN