Thursday, November 27, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
November 26, 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
•    Markets have a regular close on Wednesday and are closed until Friday morning at 8:30 am ct. Market close at noon on Friday, November 28. 
•    First notice day for December futures is November 28. 

Corn:
•    On Tuesday, exporters announced a sale of 116,000 mts of grain sorghum to an unknown destination. 
•    South Korea bought 93,000 mts of US corn.
•    March corn has resistance at $3.94 with support at $3.79 

Soybeans: 
•    Brazil soybean planting continues to surge ahead and was reported 74% complete versus 81% on average. Argentine sources report planting 36% complete versus 44% last year.
•    January soybeans have chart resistance at $10.54 and support at $10.34

Wheat: 
•    March Chicago wheat has chart resistance at $5.60 and support at $5.48

Live and Feeder Cattle: 
•    February live cattle have chart resistance at $171.25 and support at $169.50
•    January feeder cattle have chart resistance at $233.07 and support at $230.15

Lean Hogs: 
•    February lean hog have chart resistance at $90.55 and support at $89.22

Highlights of this week's Market Insider Weekly Newsletter include:
* COF report analysis.
* Cold Storage report analysis. 
* Chicago firm subpoenaed in market manipulation probe.
* Bank facing claims from PFG fallout.
* Farmers may also collect crop insurance subsidies. 
* Profits of Tyson Foods. 
* Plus much more. 


 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Dec 14 4'0 378'2 374'0 378'6 373'6 378'2s 03:24A Chart for @C4Z Options for @C4Z
Mar 15 4'2 391'4 387'0 392'0 386'4 391'4s 03:48A Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Jan 15 -4'0 1047'6 1049'2 1054'6 1038'4 1047'0s 11/26 Chart for @S5F Options for @S5F
Mar 15 -3'4 1054'0 1054'4 1059'6 1044'4 1052'6s 01:57A Chart for @S5H Options for @S5H
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Dec 14 110 4024 3906 4027 3896 4016s 12:50A Chart for @SM4Z Options for @SM4Z
Jan 15 19 3775 3748 3785 3710 3767s 01:51A Chart for @SM5F Options for @SM5F
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Dec 14 10'4 561'4 551'2 563'0 550'6 562'0s 01:43A Chart for @W4Z Options for @W4Z
Mar 15 5'0 562'0 558'4 565'4 555'4 562'6s 03:55A Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Dec 14 3'6 620'2 617'4 626'4 616'4 621'0s 11/26 Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Dec 14 7'6 593'0 588'6 599'6 588'6 598'4s 11/26 Chart for @MW4Z Options for @MW4Z
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Dec 14 - 0.900 169.125 169.925 170.675 168.875 169.250s 11/26 Chart for @LE4Z Options for @LE4Z
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Dec 14 90.725 90.550 91.100 90.250 90.950s 11/26 Chart for @HE4Z Options for @HE4Z
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 - 0.25 2072.00 2074.00 2074.75 2068.25 2072.25 04:11A Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Jan 15 - 0.875 230.850 231.575 232.900 230.050 230.500s 11/26 Chart for @GF5F Options for @GF5F
Mar 15 - 0.575 229.450 229.750 231.625 228.950 229.350s 11/26 Chart for @GF5H Options for @GF5H
Apr 15 - 0.300 230.200 230.725 232.100 229.550 229.950s 11/26 Chart for @GF5J Options for @GF5J
My Custom Markets
Symbol Change Last Open High Low Close Time More


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Springfield, MO
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Temp: 30oF Feels Like: 18oF
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