Saturday, July 30, 2016  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
July 29, 2016
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
•    First notice day for August futures is today.
•    Option expiration for August live cattle is Friday, August 5.
•    First notice day for August live cattle is Monday, August 8.

Corn:
•    December corn has chart resistance at $3.45 and support at $3.37

Soybeans:
•    Exporters announced sale of 129,000 mts of soybeans to China and 328,000 mts of soybeans to an unknown destination on Thursday morning. 
•    November soybeans have chart resistance at $9.92 3/4 and support at $9.67

Wheat:
•    Jordan bought 50,000 mts of wheat.
•    Egypt bought 60,000 mts of Russian wheat and 60,000 mts of Romanian wheat. 
•    September Chicago wheat has chart resistance at $4.28 1/4and support at
$4.08

Live and Feeder Cattle:
•    October live cattle have chart resistance at $113.80 and support at $109.12
•    August feeder cattle have chart resistance at $143.45 and support at $137.92

Lean Hogs:
•    October lean hog have chart resistance at $61.72 and support at $59.45

Highlights of this week's Market Insider Weekly Newsletter include:
* Outlook for the grain markets. 
* COT report analysis. 
* Monthly COF and cold storage reports.
* Story on person convicted of spoofing. 
* A look at China's soybean imports. 
* Monsanto Co. rejects Bayer AG offer.  
* Plus much more. 

Click here to to read more info.


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Sep 16 3'2 333'4 331'2 335'0 328'6 334'4s 07/29 Chart for @C6U Options for @C6U
Dec 16 4'0 342'2 338'6 343'2 336'0 342'6s 07/29 Chart for @C6Z Options for @C6Z
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Aug 16 29'0 1031'4 1005'2 1034'2 996'2 1032'4s 07/29 Chart for @S6Q Options for @S6Q
Sep 16 26'6 1018'0 995'2 1023'0 984'0 1020'0s 07/29 Chart for @S6U Options for @S6U
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Aug 16 85 3491 3417 3514 3383 3500s 07/29 Chart for @SM6Q Options for @SM6Q
Sep 16 71 3491 3430 3514 3393 3499s 07/29 Chart for @SM6U Options for @SM6U
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Sep 16 -2'4 409'0 411'4 412'6 403'4 407'6s 07/29 Chart for @W6U Options for @W6U
Dec 16 -1'4 437'0 438'0 440'2 431'2 435'6s 07/29 Chart for @W6Z Options for @W6Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Sep 16 0'6 411'0 409'0 412'4 403'4 409'6s 07/29 Chart for @KW6U Options for @KW6U
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Sep 16 1'4 489'2 486'0 492'0 484'0 488'2s 07/29 Chart for @MW6U Options for @MW6U
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Aug 16 - 0.250 113.200 113.075 113.975 112.800 113.075s 07/29 Chart for @LE6Q Options for @LE6Q
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Aug 16 0.125 69.275 69.200 70.150 68.700 68.975s 07/29 Chart for @HE6Q Options for @HE6Q
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Sep 16 3.50 2171.00 2165.50 2171.75 2157.50 2168.25s 07/29 Chart for @ES6U Options for @ES6U
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Aug 16 - 0.425 140.200 140.375 142.100 139.200 140.050s 07/29 Chart for @GF6Q Options for @GF6Q
Sep 16 - 0.575 138.825 139.400 140.800 138.100 138.575s 07/29 Chart for @GF6U Options for @GF6U
Oct 16 - 0.625 137.600 138.450 139.625 137.100 137.725s 07/29 Chart for @GF6V Options for @GF6V
My Custom Markets
Symbol Change Last Open High Low Close Time More

   


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Temp: 82oF Feels Like: 85oF
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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. 
 
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.
 
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