Thursday, October 2, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
October 2, 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
•    October live cattle options expire Friday, October 3. 
•    First notice day for October live cattle is Monday, October 6.
•    October supply/demand report is Friday, October 10. 

Corn:
•    December corn has resistance at $3.25 1/2 with support at $3.18  

Soybeans: 
•    November soybeans have chart resistance at $9.23 and support at $9.05 

Wheat: 
•    Egypt purchased 2 cargos of wheat from France. 
•    December Chicago wheat has chart resistance at $4.84 and support at $4.70 1/2 

Live and Feeder Cattle: 
•    December live cattle have chart resistance at $166.50 and support at $163.32
•    November feeder cattle have chart resistance at $240.00 and support at $234.55

Lean Hogs: 
•    December lean hog have chart resistance at $96.10 and support at $91.65

Highlights of this week's Market Insider Weekly Newsletter include:
* Downside price targets for corn and soybeans. 
* Yield updates of private forecasters. 
* The quarterly hog and pig report. 
* CBOT expanding short dated options for corn, soybeans and wheat. 
* A proposal for a change in accounting methods.   
* COT report. 
* Plus much more. 


 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -1'0 320'2 320'4 321'4 319'2 321'2 07:13A Chart for @C4Z Options for @C4Z
Mar 15 -1'0 333'0 333'0 334'2 332'0 334'0 07:13A Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Nov 14 -1'4 915'2 915'2 919'4 912'4 916'6 07:13A Chart for @S4X Options for @S4X
Jan 15 -1'0 924'0 923'2 927'6 921'2 925'0 07:13A Chart for @S5F Options for @S5F
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Oct 14 - 8 3045 3052 3064 3045 3053 07:13A Chart for @SM4V Options for @SM4V
Dec 14 8 2994 2986 2999 2975 2986 07:13A Chart for @SM4Z Options for @SM4Z
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Dec 14 2'0 481'0 477'4 483'4 477'2 479'0 07:13A Chart for @W4Z Options for @W4Z
Mar 15 2'4 494'6 491'0 497'4 490'6 492'2 07:13A Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Dec 14 3'4 561'0 556'2 562'2 556'2 557'4 07:13A Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Dec 14 3'4 535'2 531'2 535'6 531'2 531'6 07:14A Chart for @MW4Z Options for @MW4Z
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 0.475 162.950 162.400 163.150 162.150 162.475 07:12A Chart for @LE4V Options for @LE4V
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Oct 14 - 0.825 106.775 107.150 107.200 106.400 107.600 07:13A Chart for @HE4V Options for @HE4V
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 1.75 1942.50 1940.75 1944.25 1936.00 1940.75 07:14A Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 2.325 240.750 239.500 241.375 239.325 238.425 07:13A Chart for @GF4V Options for @GF4V
Nov 14 2.150 240.200 239.000 240.750 238.775 238.050 07:12A Chart for @GF4X Options for @GF4X
Jan 15 1.950 233.725 232.150 234.250 232.150 231.775 07:12A 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: 72oF Feels Like: 76oF
Humid: 91% Dew Pt: 69oF
Barom: 29.8 Wind Dir: S
Cond: N/A Wind Spd: 12 mph
Sunrise: 7:10 Sunset: 6:55
As reported at SPRINGFIELD, MO at 7:00 AM
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