Friday, October 31, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
October 31, 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
•    Today is first notice day for November grain futures. 
•    CME raised margins for soybean meal. 
•    New CME grain trading limits begins Monday, November 3. 

Corn:
•    December corn has resistance at $3.78 with support at $3.62 

Soybeans: 
•    On Thursday morning, exporters announced sale of 132,000 mts of soybeans to China. 
•    January soybeans have chart resistance at $10.42 and support at $10.13

Wheat: 
•    December Chicago wheat has chart resistance at $5.44 and support at $5.30  

Live and Feeder Cattle: 
•    December live cattle have chart resistance at $168.42 and support at $166.12
•    January feeder cattle have chart resistance at $230.00 and support at $227.25

Lean Hogs: 
•    December lean hog have chart resistance at $88.00 and support at $85.85

Highlights of this week's Market Insider Weekly Newsletter include:
* Updated hedge positions and recommendations.
* A look at the COF report. 
* A look at the monthly cold storage report. 
* Story on the new grain trading limits for CME futures. 
* Story on a judge denying Cargill's attempt to block an executive from working for a rival. 
* Iowa farmer's soybean crop stolen. 
* Story on CME cutting 5% of its workforce. 
* Forecast of US pork production. 
* Plus much more. 


 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Dec 14 2'6 376'2 372'6 378'0 368'0 376'6s 03:48P Chart for @C4Z Options for @C4Z
Mar 15 2'2 388'6 385'4 390'2 380'6 389'2s 03:56P Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Nov 14 22'2 1041'0 1023'0 1052'2 1012'2 1046'4s 03:43P Chart for @S4X Options for @S4X
Jan 15 19'4 1042'4 1028'2 1054'0 1016'4 1049'2s 03:38P Chart for @S5F Options for @S5F
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Dec 14 90 3872 3806 3947 3754 3890s 03:51P Chart for @SM4Z Options for @SM4Z
Jan 15 56 3643 3605 3710 3547 3667s 01:30P Chart for @SM5F Options for @SM5F
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -3'4 531'6 536'0 539'0 523'0 532'4s 03:35P Chart for @W4Z Options for @W4Z
Mar 15 -3'2 545'0 549'0 552'0 536'4 545'6s 03:52P Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Dec 14 -8'2 591'6 601'2 603'4 587'0 593'6s 03:05P Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Dec 14 -3'4 574'2 577'0 578'2 567'0 574'2s 03:05P Chart for @MW4Z Options for @MW4Z
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Dec 14 - 1.275 166.250 167.450 167.750 165.450 166.050s 04:00P Chart for @LE4Z Options for @LE4Z
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Dec 14 0.825 88.200 87.750 88.400 87.200 88.025s 04:00P Chart for @HE4Z Options for @HE4Z
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 23.00 2009.25 1987.75 2016.75 1986.75 2011.50s 04:15P Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Nov 14 - 0.075 234.600 235.225 236.425 233.575 234.150s 04:11P Chart for @GF4X Options for @GF4X
Jan 15 228.900 229.300 230.800 227.625 228.475s 04:00P Chart for @GF5F Options for @GF5F
Mar 15 - 0.350 226.100 226.975 228.075 225.050 225.750s 04:11P Chart for @GF5H Options for @GF5H
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: 39oF Feels Like: 32oF
Humid: 45% Dew Pt: 19oF
Barom: 30.39 Wind Dir: N
Cond: N/A Wind Spd: 10 mph
Sunrise: 7:38 Sunset: 6:16
As reported at SPRINGFIELD, MO at 7:00 PM
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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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