Wednesday, October 22, 2014  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
October 22, 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
•    November grain option expiration is Friday, October 24. 
•    Cattle on feed report is Friday, October 24. 
•    New CME livestock trading hours begins Monday, October 27. 

Corn:
•    Taiwan is tendering for 60,000 mts of US corn. 
•    December corn has resistance at $3.48 with support at $3.43 

Soybeans: 
•    November soybeans have chart resistance at $9.67 and support at $9.44 

Wheat: 
•    Egypt bought 180,000 mts of France, Russian and Romanian wheat. 
•    December Chicago wheat has chart resistance at $5.23 and support at $5.07  

Live and Feeder Cattle: 
•    December live cattle have chart resistance at $169.67 and support at $165.90
•    November feeder cattle have chart resistance at $237.15 and support at $233.10

Lean Hogs: 
•    December lean hog have chart resistance at $89.40 and support at $88.00

Highlights of this week's Market Insider Weekly Newsletter include:
* Story on CME cutting its global workforce. 
* Story on a hedge fund closing its commodity fund. 
* Story on floor broker sued by CFTC. 
* Informa's 2015 acreage estimates.  
* A look at the livestock fundamentals. 
* A look at our speculative trade recommendations and positons. 
* A new look at the COT report. 
* Plus much more. 


 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -0'4 352'4 352'0 353'0 351'4 353'0 10:33P Chart for @C4Z Options for @C4Z
Mar 15 -0'6 366'2 366'0 367'0 365'4 367'0 10:33P Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Nov 14 -1'2 961'4 960'6 961'6 956'0 962'6 10:34P Chart for @S4X Options for @S4X
Jan 15 -1'4 968'2 967'6 968'6 963'0 969'6 10:34P Chart for @S5F Options for @S5F
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Dec 14 - 17 3363 3381 3382 3351 3380 10:33P Chart for @SM4Z Options for @SM4Z
Jan 15 - 11 3289 3299 3305 3276 3300 10:33P Chart for @SM5F Options for @SM5F
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Dec 14 -1'4 520'6 520'2 521'6 519'2 522'2 10:31P Chart for @W4Z Options for @W4Z
Mar 15 -2'0 534'0 534'6 535'4 533'2 536'0 10:31P Chart for @W5H Options for @W5H
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Dec 14 -1'6 603'4 604'0 604'2 602'2 605'2 10:31P Chart for @KW4Z Options for @KW4Z
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Dec 14 -1'2 567'4 568'6 568'6 567'0 568'6 10:31P Chart for @MW4Z Options for @MW4Z
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 0.300 168.350 168.400 168.400 168.250 168.050 10:30P Chart for @LE4V Options for @LE4V
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Dec 14 -0.225 89.525 89.500 89.800 89.500 89.750 10:31P Chart for @HE4Z Options for @HE4Z
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Dec 14 1925.00 1924.50 1928.75 1922.25 1925.00 10:34P Chart for @ES4Z Options for @ES4Z
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Oct 14 0.825 240.275 240.000 240.750 239.500 239.450 10:25P Chart for @GF4V Options for @GF4V
Nov 14 0.750 235.925 235.600 236.050 235.600 235.175 10:31P Chart for @GF4X Options for @GF4X
Jan 15 0.675 229.950 229.675 230.150 229.675 229.275 10:34P Chart for @GF5F Options for @GF5F
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: 56oF Feels Like: 56oF
Humid: 72% Dew Pt: 47oF
Barom: 30.15 Wind Dir: SE
Cond: N/A Wind Spd: 12 mph
Sunrise: 7:29 Sunset: 6:26
As reported at SPRINGFIELD, MO at 10:00 PM
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