March Wheat - 2.00 Higher to 0.50 Lower
March Corn - Steady
Jan Soymeal - Steady
Jan Beans - Steady to 2 Lower
January Crude Oil marked it's high 6 cents below the 71.50 resistance level, then sold off a little more than a dollar.
support - 70.20, 69.85
resistance - 71.50, 72.90
January Soybeans breeched the 985.00 support, and traded within a penny of the old support at 980.00.
support - 980.00, 977.50
resistance - 988.50, 994.00
January Soymeal marked it's high 80 cents shy of the 292.00 resistance price, then sold off about 4.50 bucks.
support - 285.50-284.00
resistance - 291.50-292.00
March Corn marked it's low last night at the price of 441.25, then rallied 4.50 cents to the high of 445.75.
support - 442.25, 440.00
resistance - 451.00, 460.00, 475.00
March SRW Wheat marked it's high this morning at 559.25, then sold off almost a dime to 1 penny below the 549.50 support point.
support - 548.50, 545.50
resistance - 559.50-561.00, 569.00
March HRW Wheat rallied to the stated resistance price of 566.00, then sold off about 9 cents. Hard wheat failed to test support, marking a higher high and low - encouragement for the bulls.
support - 557.50, 555.00
resistance - 566.00, 571.50
March Spring Wheat marked it's high 1 tick shy of the 606.00 resistance level, then sold off about 8 cents. All the wheats are stuck in a sideways trading range.
support - 597.50-576.00
resistance - 606.00, 611.00
March S&P gapped up last night on the open because of the contract roll to the March contract, and it finished about 22.50 bucks higher for the day.
support - 6136-6130
resistance - 6179 - current contract high
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