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Monday, May 20, 2024  
 
 

Commentary



Noon Market News

 
Market Insider Closing Commentary
 

MIDWEST MARKET SOLUTIONS
May 20, 2024
by: Brian Hoops, President
www.midwestmarketsolutions.com
follow us on twitter @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:

-Wheat sharply higher again in overnight session - will it hold during day session this time?
-APK-Inform warns for freeze damage in Ukraine wheat - dryness concerns mounting
-Argentine farmer selling of soybean historically slow
-Indian wheat purchases reach year ago levels
-CFTC data shows continued corn fund net short liquidation
-Australian wheat/rapeseed planting conditions mixed
 
COVERED IN TODAY'S DAILY NEWSLETTER:

- Grain and Livestock Technicals
- Grain Fundamentals
- Daily Export Announcements
- Fund Activity
- Overnight Trade
- Cattle Fundamentals
- FCE Online Auction
- Cash Cattle Trade 
- Lean Hog Fundamentals
- Weather


HIGHLIGHTS OF THIS WEEK'S MARKET INSIDER NEWSLETTER:

- Grain & Livestock Fundamentals
- Weekly Crop Progress and Conditions Report

- Weekly Export Inspections and EIA Reports
- COT Report
- Cash Cattle Trade and Outlook
- Latest News

Click here to to read more info.
 
 

Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Jul 24 8'0 460'2 452'6 463'4 452'2 460'4s 01:30P Chart for @C4N Options for @C4N
Sep 24 8'4 470'4 463'4 473'2 462'4 471'0s 01:30P Chart for @C4U Options for @C4U
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Jul 24 20'0 1246'6 1227'2 1250'6 1224'0 1248'0s 01:30P Chart for @S4N Options for @S4N
Aug 24 17'6 1242'0 1224'4 1245'4 1220'4 1243'0s 01:20P Chart for @S4Q Options for @S4Q
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Jul 24 53 3736 3686 3756 3656 3741s 01:30P Chart for @SM4N Options for @SM4N
Aug 24 47 3706 3652 3721 3636 3709s 01:30P Chart for @SM4Q Options for @SM4Q
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Jul 24 37'4 688'0 654'0 691'2 654'0 688'6s 01:30P Chart for @W4N Options for @W4N
Sep 24 36'6 707'4 673'2 710'6 673'2 708'6s 01:30P Chart for @W4U Options for @W4U
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Jul 24 35'0 695'6 662'0 700'6 662'0 696'6s 01:30P Chart for @KW4N Options for @KW4N
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Jul 24 27'6 738'2 711'4 743'2 711'4 739'2s 01:31P Chart for @MW4N Options for @MW4N
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Jun 24 0.425 181.525 181.350 181.800 181.050 181.475s 01:05P Chart for @LE4M Options for @LE4M
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Jun 24 0.425 96.775 96.675 97.375 96.125 96.925s 01:05P Chart for @HE4M Options for @HE4M
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Jun 24 6.75 5334.00 5329.25 5348.25 5323.75 5327.25 02:12P Chart for @ES4M Options for @ES4M
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
May 24 - 0.025 246.675 247.050 247.650 246.300 246.700s 01:05P Chart for @GF4K Options for @GF4K
Aug 24 - 1.375 258.700 260.000 260.975 257.950 258.475s 01:05P Chart for @GF4Q Options for @GF4Q
Sep 24 - 1.200 259.875 260.900 261.975 259.225 259.650s 01:05P Chart for @GF4U Options for @GF4U
My Custom Markets
Symbol Change Last Open High Low Close Time More


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National Radar

Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 82oF Feels Like: 84oF
Humid: 55% Dew Pt: 64oF
Barom: 29.85 Wind Dir: S
Cond: N/A Wind Spd: 10 mph
Sunrise: 6:00 Sunset: 8:18
As reported at Highland Springs, MO at 2:00 PM
View complete Local Weather

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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 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.
 
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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. 
 
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