March Wheat - 0.75 Lower
March Corn - Steady to 1.50 Lower
Jan Soymeal - Steady
Jan Beans - Steady to 2.00 Lower
February Crude Oil traded above support and marked the high 48 cents above the 70.10 resistance.
support - 68.65
resistance - 70.60
January Soybeans marked the low directly in between the 2 listed support prices of 955.00 and 935.00, then had a positive close, ending the day up 11.25 cents.
support - 955.00, 948.50
resistance - 978.00, 995.00
January Soymeal marked a lower low today by about 80 cents, then reversed up and rallied about 6.50 from low to high to the first resistance of 285.00.
support - 281.50
resistance - 289.00-291.00
March Corn marked it's low 1 tick below the 436.00 resistance level, then rallied about a nickel from low to high.
support - 439.00-438.25
resistance - 446.50, 452.00
March SRW Wheat marked it's low 2.50 cents above the 528.00 support price, and sold off another 9.00 cents for the day.
support - 532.00-530.50, 528.00
resistance - 538.50, 555.00
March HRW Wheat traded through the 545.00 support point by 4.00 cents where it found buying, then that level became intraday resistance. Hard wheat ended down 5.50 on the day.
support - 542.50-541.00, 535.00
resistance - 548.00, 562.00
March Spring Wheat marked it's low 3.00 cents below the 586.00 support level, after selling off 9.00 cents from high to low. Wheat closed 3 ticks above the 586.00 point. The pattern on the daily chart is a double bottom created today, with the November 14th low.
support - 585.00 - exhaustive volume on the low bar at 11 AM - peak volume in the middle of the session is telling of strong buying occurring.
resistance - 594.00, 603.00
March S&P painted a spike and ledge pattern on the intraday charts - it traded in a range with the floor about 30 bucks above yesterday's spike/panic low.
support - 5930,5900
resistance - 6010, 6150
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