Saturday, December 20, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
December 19, 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
•    Informa Economics will publish their first survey-based 2015 acreage estimates this morning. 
•    The December COF report will be released this afternoon.

Corn: 
•    On Thursday morning, exporters announced sale of 126,000 mts to an unknown destination. 
•    South Korea bought 69,000 mts of optional origin corn. 
•    March corn has resistance at $4.13 with support at $4.04

Soybeans: 
•    On Thursday morning, exporters announced sale of 1,500,000 mts to China. 
•    March soybeans have chart resistance at $10.63 and support at $10.33

Wheat: 
•    On Thursday morning, exporters announced sale of 111,600 mts of HRS to Mexico. 
•    Japan bought 130,359 mts of wheat at their weekly tender with 68,730 mts from the US. 
•    March Chicago wheat has chart resistance at $6.77 and support at $6.45 

Live and Feeder Cattle: 
•    February live cattle have chart resistance at $161.05 and support at $155.67
•    January feeder cattle have chart resistance at $221.10 and support at $212.35

Lean Hogs: 
•    February lean hog have chart resistance at $83.92 and support at $79.50

Highlights of this week's Market Insider Weekly Newsletter include:
* Reaction to the December supply/demand report. 
* Look at the bearish COT report. 
* CFTC report's results for 2014. 
* Senate to vote on tax extenders bill. 
* Updated hedge strategies and positions.
* Storied energy trading firm to close. 
* Plus much more. 

 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Mar 15 -0'4 410'6 410'6 411'2 405'0 410'4s 12/19 Chart for @C5H Options for @C5H
May 15 -0'4 419'4 419'0 419'6 413'4 419'0s 12/19 Chart for @C5K Options for @C5K
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Jan 15 -4'4 1030'2 1034'6 1035'6 1022'4 1030'4s 12/19 Chart for @S5F Options for @S5F
Mar 15 -4'6 1038'2 1043'0 1044'0 1030'2 1038'4s 12/19 Chart for @S5H Options for @S5H
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Jan 15 - 18 3635 3652 3654 3600 3635s 12/19 Chart for @SM5F Options for @SM5F
Mar 15 - 19 3518 3539 3548 3487 3520s 12/19 Chart for @SM5H Options for @SM5H
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Mar 15 -23'0 633'0 654'0 654'4 629'2 632'2s 12/19 Chart for @W5H Options for @W5H
May 15 -21'6 635'4 655'0 655'0 632'0 635'0s 12/19 Chart for @W5K Options for @W5K
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Mar 15 -17'6 666'6 681'4 682'4 661'6 666'0s 12/19 Chart for @KW5H Options for @KW5H
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Mar 15 -12'6 650'0 658'4 660'2 643'4 648'2s 12/19 Chart for @MW5H Options for @MW5H
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Dec 14 2.050 161.250 159.050 161.500 159.000 160.750s 12/19 Chart for @LE4Z Options for @LE4Z
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Feb 15 0.025 81.800 81.875 82.500 81.050 81.900s 12/19 Chart for @HE5G Options for @HE5G
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 - 3.99 2065.00 2066.00 2079.75 2061.25 2061.01s 12/19 Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Jan 15 3.075 220.200 218.400 221.125 217.375 220.150s 12/19 Chart for @GF5F Options for @GF5F
Mar 15 4.200 217.875 214.650 218.125 214.600 217.975s 12/19 Chart for @GF5H Options for @GF5H
Apr 15 3.900 218.000 215.150 218.325 215.150 218.075s 12/19 Chart for @GF5J Options for @GF5J
My Custom Markets
Symbol Change Last Open High Low Close Time More


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Springfield, MO
Chg Zip Code: 
Temp: 39oF Feels Like: 39oF
Humid: 93% Dew Pt: 37oF
Barom: 30.25 Wind Dir: SW
Cond: N/A Wind Spd: 3 mph
Sunrise: 7:23 Sunset: 4:59
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