Saturday, October 25, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
October 24, 2014
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
•    November grain option expiration is today.
•    Cattle on feed report is today. 
•    New CME livestock trading hours begins Monday, October 27. 

Corn:
•    December corn has resistance at $3.62 with support at $3.52 

Soybeans: 
•    Exporters announced sale of 118,000 mts of soybeans to China Thursday morning. 
•    November soybeans have chart resistance at $10.00 and support at $9.60

Wheat: 
•    Japan bought 109,715 mts of wheat from the US and Australia. 
•    Taiwan bought 41,250 mts of wheat from the U.S. 
•    December Chicago wheat has chart resistance at $5.34 and support at $5.20  

Live and Feeder Cattle: 
•    December live cattle have chart resistance at $170.10 and support at $167.75
•    November feeder cattle have chart resistance at $237.20 and support at $233.30

Lean Hogs: 
•    December lean hog have chart resistance at $89.62 and support at $88.00

Highlights of this week's Market Insider Weekly Newsletter include:
* Story on CME cutting its global workforce. 
* Story on a hedge fund closing its commodity fund. 
* Story on floor broker sued by CFTC. 
* Informa's 2015 acreage estimates.  
* A look at the livestock fundamentals. 
* A look at our speculative trade recommendations and positons. 
* A new look at the COT report. 
* Plus much more. 


 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -6'6 352'4 359'2 365'0 352'2 353'0s 10/24 Chart for @C4Z Options for @C4Z
Mar 15 -6'6 366'0 372'6 378'4 365'6 366'6s 10/24 Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Nov 14 -15'6 978'2 991'4 1002'0 976'4 977'4s 10/24 Chart for @S4X Options for @S4X
Jan 15 -16'6 983'4 998'0 1008'6 982'4 983'2s 10/24 Chart for @S5F Options for @S5F
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Dec 14 - 22 3496 3530 3592 3471 3502s 10/24 Chart for @SM4Z Options for @SM4Z
Jan 15 - 32 3386 3420 3477 3378 3388s 10/24 Chart for @SM5F Options for @SM5F
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -9'0 518'2 525'4 539'2 517'2 517'6s 10/24 Chart for @W4Z Options for @W4Z
Mar 15 -9'2 532'0 539'2 552'4 530'4 531'0s 10/24 Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Dec 14 -11'4 594'2 603'6 615'6 593'2 593'6s 10/24 Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Dec 14 -4'0 566'2 571'0 582'0 565'6 567'0s 10/24 Chart for @MW4Z Options for @MW4Z
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 - 0.800 168.775 169.975 170.100 167.575 168.250s 10/24 Chart for @LE4V Options for @LE4V
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Dec 14 1.525 90.475 88.325 90.650 87.725 90.250s 10/24 Chart for @HE4Z Options for @HE4Z
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 13.75 1960.50 1946.00 1961.25 1931.75 1959.75s 10/24 Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 - 2.325 238.150 240.800 240.850 237.675 237.900s 10/24 Chart for @GF4V Options for @GF4V
Nov 14 - 2.050 234.900 237.200 237.900 234.325 234.650s 10/24 Chart for @GF4X Options for @GF4X
Jan 15 - 2.075 229.600 231.225 231.950 228.825 228.900s 10/24 Chart for @GF5F Options for @GF5F
My Custom Markets
Symbol Change Last Open High Low Close Time More


Today's Market Commentary

 

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Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 63oF Feels Like: 63oF
Humid: 84% Dew Pt: 58oF
Barom: 30.06 Wind Dir: WSW
Cond: N/A Wind Spd: 6 mph
Sunrise: 7:31 Sunset: 6:24
As reported at SPRINGFIELD, MO at 8:00 AM
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