Tuesday, May 21, 2013  
 
 

Commentary

 

MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
May 20, 2013
By: Brian Hoops, President
www.midwestmarketsolutions.com.
417-501-8153
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
• The disparity between old crop and new crop corn and soybeans continues.

Corn:
• July corn has resistance at $6.60 with support at $6.38       

Soybeans:
• On Friday morning, exporters reported sale of 120,000 mts of US soybeans to China and 138,000 mts of US soybeans to an unknown destination.
• July soybeans have chart resistance at $14.51 and support at $14.14 

Wheat:
• Japan purchased 147,620 mts of milling wheat at their weekly tender.
• July Chicago wheat have chart resistance at $7.02 and support at $6.78 ½  

Live and Feeder Cattle:
• June live cattle have chart resistance at $119.05 and support at $117.80

Lean Hogs:
• June lean hog have chart resistance at $93.55 and support at $90.80

Highlights of this week's Market Insider Weekly Newsletter include:
* Analysis of the May Cattle on Feed Report.
* NOPA crush report.
* Updates on spring planting progress.
* New hedge recommendations for grain producers.
* Story on a supreme court ruling against an Indiana farmer.
* Sales forecast for Deere & Co.
* Profits of Tyson Foods and AgriBank.
* Look at farmland values in the Plains.
* Plus much more.

For more information visit our website at www.midwestmarketsolutions.com.
Clients receive web access as a free service, access is available for a
small monthly fee to non-clients.

Services available at Midwest Market Solutions:

* Full Service Brokerage
* Market Solutions Hedge Program
* Market Insider Daily Newsletter
* Market Insider Weekly Newsletter
* Audio Market Commentaries
* Professional Trading Systems

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.

Copyright 2013 Midwest Market Solutions, Inc.
 
 

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Springfield, MO
Chg Zip Code: 
Temp: 64oF Feels Like: 64oF
Humid: 87% Dew Pt: 60oF
Barom: 29.73 Wind Dir: S
Cond: N/A Wind Spd: 13 mph
Sunrise: 6:00 Sunset: 8:20
As reported at SPRINGFIELD, MO at 2:00 AM
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Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Jul 13 -9'4 640'0 644'6 647'0 639'4 649'4 02:57A Chart for @C3N Options for @C3N
Sep 13 -11'0 543'4 547'0 548'0 543'4 554'4 02:57A Chart for @C3U Options for @C3U
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Jul 13 0'2 1464'6 1460'4 1471'0 1458'0 1464'4 02:57A Chart for @S3N Options for @S3N
Aug 13 -3'2 1387'6 1386'0 1395'2 1385'0 1391'0 02:56A Chart for @S3Q Options for @S3Q
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Jul 13 - 3 4350 4350 4380 4341 4353 02:57A Chart for @SM3N Options for @SM3N
Aug 13 - 10 4070 4077 4098 4070 4080 02:57A Chart for @SM3Q Options for @SM3Q
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Jul 13 -7'2 678'0 684'2 684'4 677'4 685'2 02:57A Chart for @W3N Options for @W3N
Sep 13 -7'6 685'0 692'2 692'2 685'0 692'6 02:57A Chart for @W3U Options for @W3U
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Jul 13 -7'4 737'4 744'0 744'4 737'0 745'0 02:57A Chart for @KW3N Options for @KW3N
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Jul 13 -7'4 803'6 811'0 811'0 803'6 811'2 02:57A Chart for @MW3N Options for @MW3N
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Jun 13 0.700 120.825 120.900 120.925 120.725 120.125 02:56A Chart for @LE3M Options for @LE3M
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Jun 13 0.075 92.150 92.150 92.200 92.050 92.075 02:49A Chart for @HE3M Options for @HE3M
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Jun 13 0.75 1665.25 1663.50 1666.00 1662.50 1664.50 02:58A Chart for @ES3M Options for @ES3M
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
May 13 0.075 132.600 132.500 132.725 132.450 132.525 02:44A Chart for @GF3K Options for @GF3K
Aug 13 1.025 145.500 145.275 145.800 145.275 144.475 02:57A Chart for @GF3Q Options for @GF3Q
Sep 13 0.900 147.725 148.000 148.100 147.625 146.825 02:57A Chart for @GF3U Options for @GF3U
My Custom Markets
Symbol Change Last Open High Low Close Time More

  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.
 
DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION 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 JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION.
 
The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Midwest Market Solutions believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.
 
Copyright 2013 Midwest Market Solutions, Inc.
 
 

 
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