Tuesday, March 31, 2015  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
March 31, 2015
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
•    The quarterly stocks and prospective plantings report will be released this morning at 11:00 am ct. 
•    April live cattle options expire Thursday, April 2. 
•    Markets will be closed on Friday, April 3 due to the Good Friday holiday. 

Corn: 
•    Exporters announced sale of 131,172 mts of corn to an unknown destination on Monday morning. 
•    May corn has resistance at $3.96 with support at $3.89 

Soybeans: 
•    May soybeans have chart resistance at $9.81 and support at $9.65

Wheat: 
•    First winter wheat ratings of the year will be released on Monday, April 6. 
•    May Chicago wheat has chart resistance at $5.31 and support at $5.11 

Live and Feeder Cattle: 
•    June live cattle have chart resistance at $153.35 and support at $151.57
•    May feeder cattle have chart resistance at $218.97 and support at $214.50

Lean Hogs: 
•    June lean hog have chart resistance at $77.35 and support at $74.07

Highlights of this week's Market Insider Weekly Newsletter include:
* Grain outlook for the entire month of April.
* Reaction to the quarterly hog and pig report. 
* Look at the monthly cold storage report. 
* CFTC files charges against a dealer and merchant.
* MF Global creditors may receive payments. 
* What ABA says about agricultural lending. 
* PICO Holdings reports 4th quarter loss. 
* Plus much more. 

 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
May 15 1'6 378'0 377'0 378'2 376'6 376'2 07:55P Chart for @C5K Options for @C5K
Jul 15 1'6 386'0 385'0 386'2 384'4 384'2 07:56P Chart for @C5N Options for @C5N
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
May 15 3'6 977'0 973'2 977'4 972'6 973'2 07:55P Chart for @S5K Options for @S5K
Jul 15 4'0 981'6 977'6 982'0 977'4 977'6 07:55P Chart for @S5N Options for @S5N
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
May 15 18 3286 3264 3286 3264 3268 07:54P Chart for @SM5K Options for @SM5K
Jul 15 17 3269 3249 3269 3249 3252 07:55P Chart for @SM5N Options for @SM5N
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
May 15 3'0 514'6 513'0 515'4 512'6 511'6 07:56P Chart for @W5K Options for @W5K
Jul 15 3'2 517'2 515'4 517'2 515'0 514'0 07:56P Chart for @W5N Options for @W5N
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
May 15 4'6 564'0 560'6 564'0 560'6 559'2 07:55P Chart for @KW5K Options for @KW5K
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
May 15 2'4 578'4 576'0 578'4 576'0 576'0 07:55P Chart for @MW5K Options for @MW5K
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Apr 15 - 1.175 161.750 162.325 162.650 161.250 161.325s 04:09P Chart for @LE5J Options for @LE5J
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Apr 15 1.125 62.175 61.400 62.900 61.300 62.425s 04:09P Chart for @HE5J Options for @HE5J
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Jun 15 - 21.25 2039.50 2058.00 2060.50 2039.25 2060.75 07:56P Chart for @ES5M Options for @ES5M
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Apr 15 - 0.500 218.275 218.250 220.000 217.625 218.125s 04:08P Chart for @GF5J Options for @GF5J
May 15 - 0.550 216.900 216.975 218.800 216.350 216.900s 04:08P Chart for @GF5K Options for @GF5K
Aug 15 - 0.625 218.000 218.150 219.975 217.725 218.275s 04:08P Chart for @GF5Q Options for @GF5Q
My Custom Markets
Symbol Change Last Open High Low Close Time More


Today's Market Commentary

 

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Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 72oF Feels Like: 76oF
Humid: 53% Dew Pt: 54oF
Barom: 29.88 Wind Dir: NNW
Cond: N/A Wind Spd: 6 mph
Sunrise: 6:59 Sunset: 7:35
As reported at SPRINGFIELD, MO at 7:00 PM
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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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