Monday, May 4, 2015  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
May 4, 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
•    Wheat Quality Council Tour of hard wheat areas begins next week. 
•    Traders are looking for big advances in today’s crop progress report. 

Corn: 
•    July corn has resistance at $3.69 ½ with support at $3.61 

Soybeans: 
•    July soybeans have chart resistance at $9.78 ½ and support at $9.58 ½ 

Wheat: 
•    No Japan wheat tender this week. Iraq canceled a tender for milling wheat. 
•    July Chicago wheat has chart resistance at $4.86 ¼ and support at $4.67 ½   

Live and Feeder Cattle: 
•    June live cattle have chart resistance at $151.32 and support at $148.35
•    August feeder cattle have chart resistance at $215.67 and support at $212.90

Lean Hogs: 
•    June lean hog have chart resistance at $81.97 and support at $79.82

Highlights of this week's Market Insider Weekly Newsletter include:
* Outlook for the grain markets. 
* New trading limits announced by CME Group. 
* A look at US tractor sales in March. 
* Quarterly profits of DuPont. 
* Story on UK trader of manipulating the commodities markets. 
* Profits of the CME Group.
* Plus much more. 

 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
May 15 -0'6 358'0 357'6 358'0 357'6 358'6 07:55P Chart for @C5K Options for @C5K
Jul 15 -1'0 360'2 360'0 360'4 359'6 361'2 07:55P Chart for @C5N Options for @C5N
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
May 15 1'4 984'4 982'4 984'4 981'4 983'0 07:56P Chart for @S5K Options for @S5K
Jul 15 1'6 978'0 975'6 979'0 975'0 976'2 07:56P Chart for @S5N Options for @S5N
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
May 15 - 5 3153 3150 3153 3148 3158 07:55P Chart for @SM5K Options for @SM5K
Jul 15 - 4 3126 3123 3128 3118 3130 07:55P Chart for @SM5N Options for @SM5N
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
May 15 0'4 469'6 468'6 469'6 468'6 469'2 07:53P Chart for @W5K Options for @W5K
Jul 15 -1'0 471'6 471'2 472'4 470'6 472'6 07:55P Chart for @W5N Options for @W5N
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
May 15 492'0 493'6 Chart for @KW5K Options for @KW5K
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
May 15 -4'2 522'4 516'0s 07:00P Chart for @MW5K Options for @MW5K
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Jun 15 1.550 150.850 149.475 151.000 149.400 150.725s 04:00P Chart for @LE5M Options for @LE5M
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
May 15 0.925 76.675 76.500 77.025 76.500 76.925s 04:00P Chart for @HE5K Options for @HE5K
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Jun 15 - 0.25 2109.00 2109.50 2110.00 2108.25 2109.25 07:56P Chart for @ES5M Options for @ES5M
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
May 15 1.525 215.050 213.900 215.275 213.875 215.150s 04:07P Chart for @GF5K Options for @GF5K
Aug 15 2.250 217.750 215.500 217.750 215.475 217.325s 04:07P Chart for @GF5Q Options for @GF5Q
Sep 15 2.125 216.900 215.000 217.050 215.000 216.825s 04:07P Chart for @GF5U Options for @GF5U
My Custom Markets
Symbol Change Last Open High Low Close Time More


Today's Market Commentary

 

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National Radar

Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 79oF Feels Like: 80oF
Humid: 47% Dew Pt: 57oF
Barom: 30.01 Wind Dir: S
Cond: N/A Wind Spd: 13 mph
Sunrise: 6:14 Sunset: 8:06
As reported at SPRINGFIELD, MO at 7:00 PM
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  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.
 
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indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent
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