Tuesday, February 7, 2012  
 
 

Commentary
 

MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
February 6, 2012
By: Brian Hoops, President

HEADLINES

• First notice day for February live cattle is today.
• The monthly USDA supply/demand report is Thursday, February 9.

OPENING CALLS

Corn: 1-2 higher
• Taiwan bought 50,000 mts of Argentine corn.
• Funds sold 3,000 contracts.
• March corn has resistance at $6.49 ½ with support at $6.28

Soybeans: 4-7 higher
• Taiwan is tendering for 60,000 mts of soybeans.
• Funds bought 6,000 contracts.
• March soybeans have chart resistance at $12.30 and support at $11.84.

Wheat: 2-3 higher
• Funds sold 2,000 contracts.
• March Chicago wheat has resistance at $6.83 and support at $6.56.

Live and Feeder Cattle: 5-10 lower
• April live cattle have chart resistance at $129.15 and support at $127.25

Lean Hogs: Steady-5 lower



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Futures
@C - CORN - CBOT
Month Change Last Open High Low Time More
Mar 12 -2'4 641'6 643'0 645'0 640'0 12:35A
May 12 -3'0 648'2 650'0 651'6 646'6 12:35A
@S - SOYBEANS - CBOT
Month Change Last Open High Low Time More
Mar 12 -4'2 1228'6 1232'0 1239'4 1227'0 12:35A
May 12 -5'2 1236'6 1240'6 1248'0 1236'0 12:35A
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Time More
Mar 12 - 19 3256 3264 3287 3255 12:36A
May 12 - 22 3268 3283 3298 3267 12:36A
@W - WHEAT - CBOT
Month Change Last Open High Low Time More
Mar 12 -2'4 666'0 669'0 672'0 664'4 12:35A
May 12 -2'4 677'2 680'0 683'2 676'0 12:35A
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Time More
Mar 12 -1'6 717'2 718'6 722'0 715'4 12:29A
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Time More
Mar 12 2'4 843'4 839'6 843'4 838'0 12:29A
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Time More
Feb 12 0.025 123.775 123.525 123.900 123.500 12:17A
@HE - LEAN HOGS - CME
Month Change Last Open High Low Time More
Feb 12 - 0.300 86.825 86.775 86.850 86.750 02/06
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Time More
Mar 12 - 0.25 1338.75 1339.00 1342.50 1338.25 12:36A
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Time More
Mar 12 - 0.075 154.050 154.200 154.250 154.050 12:08A
Apr 12 - 0.050 156.500 156.500 156.600 156.500 12:09A
May 12 - 0.175 157.750 157.750 157.750 157.750 12:08A
My Custom Markets
Symbol Change Last Open High Low Time More

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The views expressed by Midwest Market Solutions are an opinion only; expressed with the best intentions, but not guaranteed. The thoughts expressed and the data from which they are drawn are believed to be reliable but cannot be guaranteed because of their complexities and their reference to the future. Neither the information presented nor any of the opinions expressed constitute a solicitation by Midwest Market Solutions, Inc. for the purchase or sale of any commodities. Any opinions expressed herein are subject to change without notice. Any republication or use of this information without the express written permission of Midwest Market Solutions, Inc. is strictly prohibited. The risk of loss in trading commodity futures may be substantial and therefore may not be suitable for the recipients of this information. Those acting on this information are responsible for their own actions.

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