March Wheat - 1.00 Lower to 1.50 Higher
March Corn - Steady to Mixed
Jan Soymeal - 0.20 Lower
Jan Beans - 1.50 Lower
January Soybeans marked the low 5 cents below the lower 977.50 support level, but then turned around and closed 2 ticks below the 986.00 upper support price. The chart continues to flesh out it's bottom formation.
support - 980.50, 974.50
resistance - 999.00, 1011.50
March Corn marked it's low 1.25 cents below the 431.00 support price, then rallied 5.00 cents to the high. The corn continuation chart is building for an upside triangle breakout.
support - 432.00-429.50
resistance - 436.00, 433.00
March SRW Wheat marked it's low 1 tick beneath the 543.00 support level, then rallied about a dime to the high.
support - 545.00, 542.50
resistance - 556.50, 565.00
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