MIDWEST MARKET SOLUTIONS EARLY MARKET COMMENTARY March 7, 2014 By: Brian Hoops, President www.midwestmarketsolutions.com follow us on twitter at MidwestMarkets 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 • March supply/demand report is March 10. • CME Group is raising margins for oats. • The CME Group announced that starting March 24th they will be launching Mini-Sized contracts for KC HRW futures.
Corn: • May corn has resistance at $4.86 with support at $4.65
Soybeans: • Year to date export sales are 107.5% of USDA projections with shipments running at 90.5%, with ½ of the marketing year remaining. • May soybeans have chart resistance at $14.37 and support at $14.09
Wheat: • Taiwan bought 83,150 mts of U.S. wheat • May Chicago wheat has chart resistance at $6.44 and support at $6.21
Live and Feeder Cattle: • April live cattle have chart resistance at $145.80 and support at $142.65
Lean Hogs: • April lean hog have chart resistance at $113.04 and support at $109.25
Highlights of this week's Market Insider Weekly Newsletter include: * Outlook for grains in March. * COT report analysis. * Hedging recommendations for grains and livestock. * Annual net income of Farm Credit Services. * What traders anticipate commodities will do in 2014. * CME Group announces fines against 9 traders and clearing firms. * Forecast of global supplies by IGC. * Plus much more.
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