Sunday, January 25, 2015  
 
 

Commentary
 
MIDWEST MARKET SOLUTIONS
EARLY MARKET COMMENTARY
January 23, 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
•    Export sales report will be released this morning. 
•    Today is last trading day for February grain options. 
•    The monthly cattle on feed report will be released this afternoon.

Corn: 
•    South Korea tendered to buy 125,000 mts of optional origin corn. 
•    March corn has resistance at $3.91 with support at $3.76 

Soybeans: 
•    March soybeans have chart resistance at $9.93 and support at $9.71  

Wheat: 
•    Algeria purchased 250,000 mts-350,0000 mts of optional origin milling wheat. 
•    Japan purchased 52,681 mts of US milling wheat. 
•    March Chicago wheat has chart resistance at $5.43 and support at $5.23 1/2 

Live and Feeder Cattle: 
•    April live cattle have chart resistance at $153.60 and support at $150.25
•    March feeder cattle have chart resistance at $208.45 and support at $202.05

Lean Hogs: 
•    April lean hog have chart resistance at $75.00 and support at $71.60

Highlights of this week's Market Insider Weekly Newsletter include:
* Reaction to the January 12 report. 
* Updated hedge positions and recommendations. 
* COT analysis. 
* NOPA crush report. 
* Trading volume of the CME Group. 
* Kansas Senator makes history. 
* Monsanto to settle with wheat farmers. 
* Quarterly earnings of Cargill. 
* Plus much more. 

 


Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
Mar 15 3'0 386'4 384'0 388'4 382'0 386'6s 02:00P Chart for @C5H Options for @C5H
May 15 3'2 395'2 392'0 396'6 390'0 395'2s 02:00P Chart for @C5K Options for @C5K
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
Mar 15 -4'0 972'4 977'0 980'4 967'2 972'6s 02:00P Chart for @S5H Options for @S5H
May 15 -3'4 979'2 983'4 987'0 974'2 979'4s 02:00P Chart for @S5K Options for @S5K
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
Mar 15 14 3308 3304 3341 3262 3315s 02:00P Chart for @SM5H Options for @SM5H
May 15 11 3234 3230 3260 3184 3237s 02:00P Chart for @SM5K Options for @SM5K
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
Mar 15 -3'6 529'0 532'6 536'0 526'2 530'0s 02:00P Chart for @W5H Options for @W5H
May 15 -4'4 531'6 537'0 538'6 529'4 532'6s 02:00P Chart for @W5K Options for @W5K
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
Mar 15 -0'6 562'4 564'0 566'6 560'2 564'0s 02:00P Chart for @KW5H Options for @KW5H
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
Mar 15 0'4 575'2 575'4 578'6 571'6 576'0s 02:00P Chart for @MW5H Options for @MW5H
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Feb 15 - 3.000 150.350 152.950 152.950 150.350 150.350s 02:00P Chart for @LE5G Options for @LE5G
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
Feb 15 -2.300 69.300 70.800 70.800 68.850 69.300s 02:00P Chart for @HE5G Options for @HE5G
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Mar 15 - 12.50 2043.25 2056.50 2062.50 2042.25 2044.00s 02:00P Chart for @ES5H Options for @ES5H
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
Jan 15 - 2.275 213.625 215.825 216.200 213.375 213.700s 02:00P Chart for @GF5F Options for @GF5F
Mar 15 - 4.500 201.825 205.575 205.725 201.825 201.825s 02:00P Chart for @GF5H Options for @GF5H
Apr 15 - 4.500 202.550 206.500 206.500 202.550 202.550s 02:00P Chart for @GF5J Options for @GF5J
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: 38oF Feels Like: 27oF
Humid: 86% Dew Pt: 34oF
Barom: 29.78 Wind Dir: NW
Cond: N/A Wind Spd: 22 mph
Sunrise: 7:21 Sunset: 5:30
As reported at SPRINGFIELD, MO at 1:00 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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