Dec Wheat - 1.00 Lower
Dec Corn - Steady
Dec Soymeal - 0.20 Higher
Jan Beans - 0.25 Lower
Dec Crude Oil lost about 2.20 bucks on the day as selling pressure prevails. Downside target for crude is 67.00.
support - 67.00-66.50
resistance - 69.30
69.75
January Soybeans is in a mini correction for a day or 2. After that, another leg higher will take beans to between 1070.00 and 1087.00. Beans marked the low 2.50 cents above the 1017.00 support level, after selling off about 22 cents high to low.
support - 1017.00, 1012.00
resistance - 1040.00-1044.00
December Soybean Meal marked it's low half a cent below the 295.00 support price, after selling off about 8 bucks from the high. For now, meal is trading in a range between 293.00 and 303.00.
support - 294.50-293.00
resistance - 298.50, 303.00
December Corn is the most bullish/strongest up trend among the grains.
support - 426.00-424.00
resistance - 435.00, 441.00
December SRW Wheat sold off to a new low for the move, blowing sell stops.
support - 558.00
551.50
resistance - 573.00, 579.00
December HRW Wheat was down about 16.50 cents on the low from heavy selling, before recovering to end just 5.00 down for the day.
support - 554.50, 547.00.
resistance - 567.50, 574.00
December Spring Wheat ended the day down 5.75 cents and closed 2 ticks above the 591.50 support price.
support - 588.00, 583.00
resistance - 599.00
605.50
December S&P marked a new high of 6052.25 today, as the bulls reach for irrational exuberance.
support - 6010, 5990
resistance - 6054, 6130
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