Sunday, January 29, 2012  
 
 

Commentary
 

MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
January 27, 2012
By: Brian Hoops, President

HEADLINES

• February grain options expire today.
• The semi-annual cattle inventory report will be released this afternoon.

OPENING CALLS

Corn: 2-4 higher
• South Korea is tendering for 250,000 mts of corn.
• Funds bought 3,000 contracts. 
• March corn has resistance at $6.42 with support at $6.26   

Soybeans: Steady-mixed
• Funds bought 5,000 contracts.
• March soybeans have chart resistance at $12.32 and support at $12.05.

Wheat: 1 lower -1 higher
• Jordan is tendering for 100,000 mts of optional hard wheat.
• Iraq is tendering for 50,000 mts of wheat, excluding bids from the U.S.
• Funds bought 2,000 contracts.
• March Chicago wheat has resistance at $6.67 and support at $6.43.

Live and Feeder Cattle: Steady-5 higher
• April live cattle have chart resistance at $130.05 and support at $127.57

Lean Hogs: 15-30 higher

Copyright 2012 Midwest Market Solutions, Inc.
 
 

 

 

 
 

 

 

  

 

 

 

 
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Futures
@C - CORN - CBOT
Month Change Last Open High Low Time More
Mar 12 7'2 641'6s 633'4 642'2 631'0 01/27
May 12 7'4 647'4s 639'0 648'0 636'4 01/27
@S - SOYBEANS - CBOT
Month Change Last Open High Low Time More
Mar 12 -3'6 1219'0s 1221'6 1225'6 1215'0 01/27
May 12 -3'4 1228'4s 1231'0 1235'0 1224'6 01/27
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Time More
Mar 12 - 14 3222s 3226 3243 3205 01/27
May 12 - 15 3239s 3246 3261 3224 01/27
@W - WHEAT - CBOT
Month Change Last Open High Low Time More
Mar 12 -6'2 647'2s 653'2 656'4 645'0 01/27
May 12 -5'0 661'6s 665'4 668'6 659'2 01/27
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Time More
Mar 12 -9'0 700'0s 706'6 709'6 700'4 01/27
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Time More
Mar 12 -1'0 826'2s 827'4 833'4 823'6 01/27
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Time More
Feb 12 0.150 124.700s 124.550 124.925 124.350 01/27
@HE - LEAN HOGS - CME
Month Change Last Open High Low Time More
Feb 12 0.725 86.675s 86.350 86.750 85.825 01/27
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Time More
Mar 12 - 2.75 1312.50s 1314.75 1319.25 1307.00 01/27
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Time More
Mar 12 0.975 154.600s 153.800 154.900 153.425 01/27
Apr 12 0.900 156.825s 156.000 156.950 155.500 01/27
May 12 0.850 157.650s 156.750 157.700 156.500 01/27
My Custom Markets
Symbol Change Last Open High Low Time More

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The views expressed by Midwest Market Solutions are an opinion only; expressed with the best intentions, but not guaranteed. The thoughts expressed and the data from which they are drawn are believed to be reliable but cannot be guaranteed because of their complexities and their reference to the future. Neither the information presented nor any of the opinions expressed constitute a solicitation by Midwest Market Solutions, Inc. for the purchase or sale of any commodities. Any opinions expressed herein are subject to change without notice. Any republication or use of this information without the express written permission of Midwest Market Solutions, Inc. is strictly prohibited. The risk of loss in trading commodity futures may be substantial and therefore may not be suitable for the recipients of this information. Those acting on this information are responsible for their own actions.

Copyright 2012 Midwest Market Solutions, Inc.
 
 

 
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