MIDWEST MARKET SOLUTIONS EARLY MARKET COMMENTARY January 30, 2015 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 • Semi-annual cattle inventory report will be released today at 2:00 pm ct. • STATS Canada report will be released on Wednesday, February 4.
Corn: • Exporters announced sale of 116,000 mts of sorghum to an unknown destination. • March corn has resistance at $3.76 with support at $3.68
Soybeans: • March soybeans have chart resistance at $9.85 and support at $9.66
Wheat: • Jordan bought 100,000 mts of optional wheat. • Taiwan is tendering for 86,000 mts of US wheat. • Saudi Arabia is tendering for 660,000 mts of HRW. • March Chicago wheat has chart resistance at $5.18 and support at $5.01
Live and Feeder Cattle: • April live cattle have chart resistance at $152.00 and support at $148.32 • March feeder cattle have chart resistance at $206.30 and support at $200.35
Lean Hogs: • April lean hog have chart resistance at $75.17 and support at $70.97
Highlights of this week's Market Insider Weekly Newsletter include: * Story on death of former Refco executive. * Story on former futures broker losing his job over racist comments. * Story on Deere & Co. laying off more workers. * Look at winter wheat conditions. * Fundamentals and technicals of the grain markets. * Monthly COF and cold storage reports. * Plus much more.
Futures
@C - CORN - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-1'4
370'6
372'6
373'0
365'6
370'0s
01/30
May 15
-1'4
378'6
380'6
381'0
373'6
378'4s
01/30
@S - SOYBEANS - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-7'2
961'2
968'0
972'6
955'0
961'0s
01/30
May 15
-7'0
968'0
974'6
979'0
961'6
967'6s
01/30
@SM - SOYBEAN MEAL - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
- 80
3307
3379
3395
3280
3299s
01/30
May 15
- 66
3242
3307
3321
3220
3240s
01/30
@W - WHEAT - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-5'0
503'0
508'0
511'6
497'0
502'6s
01/30
May 15
-5'6
507'2
512'4
515'6
501'6
506'6s
01/30
@KW - HARD RED WINTER WHEAT - KCBT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-3'6
539'4
544'0
549'4
536'2
540'2s
01/30
@MW - HARD RED SPRING WHEAT - MGE
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-2'4
557'2
559'2
563'0
553'2
556'6s
01/30
@LE - LIVE CATTLE - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Feb 15
1.325
154.850
153.775
155.375
152.800
154.850s
01/30
@HE - LEAN HOGS - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Feb 15
-1.075
67.650
68.400
68.975
67.350
67.475s
01/30
@ES - E-MINI S&P 500 - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
- 30.00
1989.75
2019.25
2020.50
1986.25
1988.50s
01/30
@GF - FEEDER CATTLE - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
1.625
205.350
203.550
205.550
202.600
205.200s
01/30
Apr 15
1.200
205.750
204.225
205.750
203.275
205.400s
01/30
May 15
1.425
206.050
205.500
206.475
204.025
206.125s
01/30
My Custom Markets
Symbol
Change
Last
Open
High
Low
Close
Time
More
Today's Market Commentary
Market Insider Newsletter
SUBSCRIBE ONLINE! You can now buy a subscription online using Pay Pal! We offer three choices when it comes to subscribing to our service, monthly or yearly or just the weekly Market Insider Newsletter.
Monthly Website Subscription $20 Monthly
VIP Website Subscription $200 Annually
Market Insider Newsletter $10 Monthly
Market Solutions Hedge Program $300/newsletter only or $1/acre for full service
Services available...
Midwest Market Solutions: • Full & Discount Service Brokerage • Market Solutions Hedge Program • Market Insider Daily Newsletter • Market Insider Weekly Newsletter • Audio commentaries
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.
Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication 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.
