MIDWEST MARKET SOLUTIONS EARLY MARKET COMMENTARY January 23, 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 • Export sales report will be released this morning. • Today is last trading day for February grain options. • The monthly cattle on feed report will be released this afternoon.
Corn: • South Korea tendered to buy 125,000 mts of optional origin corn. • March corn has resistance at $3.91 with support at $3.76
Soybeans: • March soybeans have chart resistance at $9.93 and support at $9.71
Wheat: • Algeria purchased 250,000 mts-350,0000 mts of optional origin milling wheat. • Japan purchased 52,681 mts of US milling wheat. • March Chicago wheat has chart resistance at $5.43 and support at $5.23 1/2
Live and Feeder Cattle: • April live cattle have chart resistance at $153.60 and support at $150.25 • March feeder cattle have chart resistance at $208.45 and support at $202.05
Lean Hogs: • April lean hog have chart resistance at $75.00 and support at $71.60
Highlights of this week's Market Insider Weekly Newsletter include: * Reaction to the January 12 report. * Updated hedge positions and recommendations. * COT analysis. * NOPA crush report. * Trading volume of the CME Group. * Kansas Senator makes history. * Monsanto to settle with wheat farmers. * Quarterly earnings of Cargill. * Plus much more.
Futures
@C - CORN - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
3'0
386'4
384'0
388'4
382'0
386'6s
02:00P
May 15
3'2
395'2
392'0
396'6
390'0
395'2s
02:00P
@S - SOYBEANS - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-4'0
972'4
977'0
980'4
967'2
972'6s
02:00P
May 15
-3'4
979'2
983'4
987'0
974'2
979'4s
02:00P
@SM - SOYBEAN MEAL - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
14
3308
3304
3341
3262
3315s
02:00P
May 15
11
3234
3230
3260
3184
3237s
02:00P
@W - WHEAT - CBOT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-3'6
529'0
532'6
536'0
526'2
530'0s
02:00P
May 15
-4'4
531'6
537'0
538'6
529'4
532'6s
02:00P
@KW - HARD RED WINTER WHEAT - KCBT
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
-0'6
562'4
564'0
566'6
560'2
564'0s
02:00P
@MW - HARD RED SPRING WHEAT - MGE
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
0'4
575'2
575'4
578'6
571'6
576'0s
02:00P
@LE - LIVE CATTLE - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Feb 15
- 3.000
150.350
152.950
152.950
150.350
150.350s
02:00P
@HE - LEAN HOGS - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Feb 15
-2.300
69.300
70.800
70.800
68.850
69.300s
02:00P
@ES - E-MINI S&P 500 - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Mar 15
- 12.50
2043.25
2056.50
2062.50
2042.25
2044.00s
02:00P
@GF - FEEDER CATTLE - CME
Month
Change
Last
Open
High
Low
Close
Time
More
Jan 15
- 2.275
213.625
215.825
216.200
213.375
213.700s
02:00P
Mar 15
- 4.500
201.825
205.575
205.725
201.825
201.825s
02:00P
Apr 15
- 4.500
202.550
206.500
206.500
202.550
202.550s
02:00P
My Custom Markets
Symbol
Change
Last
Open
High
Low
Close
Time
More
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