Friday, October 31, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
October 30, 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
•    First notice day for November grain futures is Friday, October 31. 
•    New CME grain trading limits begins Monday, November 3. 

Corn:
•    December corn has resistance at $3.78 with support at $3.62 

Soybeans: 
•    January soybeans have chart resistance at $10.54 and support at $10.13

Wheat: 
•    December Chicago wheat has chart resistance at $5.44 and support at $5.26  

Live and Feeder Cattle: 
•    December live cattle have chart resistance at $168.42 and support at $165.50
•    January feeder cattle have chart resistance at $229.75 and support at $227.40

Lean Hogs: 
•    December lean hog have chart resistance at $90.50 and support at $88.00

Highlights of this week's Market Insider Weekly Newsletter include:
* Updated hedge positions and recommendations.
* A look at the COF report. 
* A look at the monthly cold storage report. 
* Story on the new grain trading limits for CME futures. 
* Story on a judge denying Cargill's attempt to block an executive from working for a rival. 
* Iowa farmer's soybean crop stolen. 
* Story on CME cutting 5% of its workforce. 
* Forecast of US pork production. 
* Plus much more. 


 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -1'0 373'0 372'6 375'0 372'2 374'0 03:00A Chart for @C4Z Options for @C4Z
Mar 15 -1'0 386'0 385'4 388'0 385'2 387'0 03:00A Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Nov 14 7'4 1031'6 1023'0 1041'0 1023'0 1024'2 03:00A Chart for @S4X Options for @S4X
Jan 15 6'2 1036'0 1028'2 1046'2 1028'2 1029'6 03:00A Chart for @S5F Options for @S5F
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Dec 14 48 3848 3806 3879 3801 3800 03:00A Chart for @SM4Z Options for @SM4Z
Jan 15 26 3637 3605 3674 3605 3611 03:00A Chart for @SM5F Options for @SM5F
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -3'4 532'4 536'0 539'0 530'4 536'0 03:00A Chart for @W4Z Options for @W4Z
Mar 15 -3'2 545'6 549'0 552'0 543'6 549'0 03:00A Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Dec 14 -4'4 597'4 601'2 603'4 596'4 602'0 03:00A Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Dec 14 -3'6 574'0 577'0 578'2 573'6 577'6 03:00A Chart for @MW4Z Options for @MW4Z
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 1.500 171.125 169.400 171.350 169.100 170.500s 10/30 Chart for @LE4V Options for @LE4V
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Dec 14 -1.400 87.450 89.200 89.550 86.150 87.200s 10/30 Chart for @HE4Z Options for @HE4Z
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 19.25 2007.75 1987.75 2016.75 1986.75 1988.50 03:01A Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 0.900 239.675 239.400 239.850 239.400 239.750s 10/30 Chart for @GF4V Options for @GF4V
Nov 14 1.175 235.150 233.325 235.250 232.650 234.225s 10/30 Chart for @GF4X Options for @GF4X
Jan 15 0.525 229.300 228.000 229.325 226.925 228.475s 10/30 Chart for @GF5F Options for @GF5F
My Custom Markets
Symbol Change Last Open High Low Close Time More


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Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 51oF Feels Like: 51oF
Humid: 69% Dew Pt: 41oF
Barom: 30.12 Wind Dir: NNW
Cond: N/A Wind Spd: 14 mph
Sunrise: 7:37 Sunset: 6:17
As reported at SPRINGFIELD, MO at 2:00 AM
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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
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. 
 
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