Thursday, April 24, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
April 24, 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
•    The Stats Canada report is due out this morning.
•    Cattle on feed report will be released April 25.
•    May grain options expire Friday, April 25.
•    First notice day for May grains is April 30.

Corn:
•    Exporters announced sale of 120,000 mts of grain sorghum to China on Wednesday morning.
•    South Korea bought 60,000 mts of US or South American corn.
•    July corn has resistance at $5.12 with support at $4.99 ¾

Soybeans:
•    July soybeans have chart resistance at $14.92 and support at $14.59 ¾  

Wheat:
•    Japan purchased 108,789 mts of milling wheat at their weekly tender.
•    Iraq purchased 60,000 mts of Russian wheat.
•    July Chicago wheat has chart resistance at $6.93 and support at $6.70 ¾

Live and Feeder Cattle:
•    June live cattle have chart resistance at $135.90 and support at $134.35

Lean Hogs:
•    June lean hog have chart resistance at $126.55 and support at $121.55

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Highlights of this week's Market Insider Weekly Newsletter include:
* Highlights of NOPA crush report.
* Which market made a perfect 50% retracement on weekly charts.
* Which market scored a new breakout on weekly charts.
* Story on plea to extend tax provisions.
* USDA Ag Secretary announces more than $19 million available in grants.
* Story on the CME Group being sued by former users in a landmark case.
* Plus much more.

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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.
 
 

 


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Today's Market Commentary

National Radar

Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 57oF Feels Like: 57oF
Humid: 87% Dew Pt: 53oF
Barom: 29.76 Wind Dir: NW
Cond: N/A Wind Spd: 12 mph
Sunrise: 6:25 Sunset: 7:57
As reported at SPRINGFIELD, MO at 9:00 PM
View complete Local Weather

Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
May 14 1'4 502'6 501'2 503'6 501'0 501'2 09:53P Chart for @C4K Options for @C4K
Jul 14 1'2 508'4 507'0 509'6 506'6 507'2 09:53P Chart for @C4N Options for @C4N
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
May 14 6'0 1478'0 1472'0 1478'0 1472'0 1472'0 09:54P Chart for @S4K Options for @S4K
Jul 14 5'2 1475'2 1470'2 1475'6 1470'0 1470'0 09:54P Chart for @S4N Options for @S4N
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
May 14 19 4821 4800 4821 4795 4802 09:54P Chart for @SM4K Options for @SM4K
Jul 14 18 4725 4703 4726 4698 4707 09:54P Chart for @SM4N Options for @SM4N
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
May 14 2'4 691'4 689'0 693'6 688'0 689'0 09:52P Chart for @W4K Options for @W4K
Jul 14 2'4 699'0 696'2 701'0 694'6 696'4 09:52P Chart for @W4N Options for @W4N
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
May 14 2'6 762'2 759'0 763'2 759'0 759'4 09:52P Chart for @KW4K Options for @KW4K
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
May 14 2'6 739'0 735'4 739'0 735'4 736'2 09:52P Chart for @MW4K Options for @MW4K
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Apr 14 0.500 144.750 144.650 144.750 144.650 144.250 08:16P Chart for @LE4J Options for @LE4J
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
May 14 - 1.150 121.750 122.075 122.075 121.750 122.900 09:51P Chart for @HE4K Options for @HE4K
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Jun 14 1873.00 1872.50 1873.75 1870.75 1873.00 09:52P Chart for @ES4M Options for @ES4M
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
May 14 0.275 179.875 179.625 179.900 179.550 179.600 09:53P Chart for @GF4K Options for @GF4K
Aug 14 0.275 184.325 184.075 184.350 184.025 184.050 09:53P Chart for @GF4Q Options for @GF4Q
Sep 14 0.150 184.175 184.125 184.250 184.125 184.025 09:53P Chart for @GF4U Options for @GF4U
My Custom Markets
Symbol Change Last Open High Low Close Time More

  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.
 
Copyright 2014 Midwest Market Solutions, Inc.
 
 

 
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