March Wheat - 0.75 Lower
March Corn - Steady to 1.00 Lower
March Soymeal - 0.20 Higher
March Beans - 0.50 Lower
February Crude Oil marked it's high 29 cents beyond the 75.00 resistance bracket, then sold off more than 2 bucks high to low.
support - 73.10, 72.70, 71.75
resistance - 74.90-75.30, 76.30
March Soybeans marked the low 2 ticks above the 991.25 support level, while trading up and down in a 10 cent range.
support - 993.25, 991.50, 986.00
resistance - 1001.00, 1010.00
March Soymeal marked it's low 1.70 bucks below the 300.00 support price, while selling off about 5 bucks from high to low.
support - 299.80, 297.00
resistance - 304.50. 315.00
March Corn marked it's low 2 ticks from the 453.00 support point, after selling off almost 6 cents from the early morning high. Corn has been consolidating/correcting since Monday, a week ago. I count a double 3 or double zigzag - 2 ABC's linked by a smaller abc up leg labeled X. The 2nd ABC is a contracting triangle.
support - 453.25-453.75, 451.50
resistance - 458.00-460.00, 475.00
Here's the 30 minute March Corn chart:
March SRW Wheat marked it's low 2 ticks below the 535.00 support level, after selling off about a dime high to low.
support - 534.00, 531.25
resistance - 545.00, 553.00
March HRW Wheat marked it's low 1 tick above the 548.00 support price, after selling off about 9 cents from the high. Correction: yesterday's 1st support was 552.50, not 542.50.
support - 549.25, 548.00
resistance - 557.00-560.00, 564.00
March Spring Wheat marked it's low 1.50 cents above the 582.50 support price, after selling off 12.00 cents from high to low, and 9.75 cents for the day.
support - 584.00-583.25, 581.50
resistance - 598.00, 605.50
March S&P traded in a very small range relative to the last 2 weeks, remaining between support and resistance.
support - 5905, 5864
resistance - 6047-6067
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