March Wheat - 0.50 Lower
March Corn - 0.75 Lower
Jan Soymeal - 0.40 Higher
Jan Beans - 1.25 Lower
January Crude Oil marked it's low 13 cents above the 68.75 resistance level, after rallying about 1.60 from Friday's close, (sorry for resist typo on weekend report)
support - 68.00, 67.70
resistance - 69.15, 69.50
January Soybeans marked the high 3.50 cents above the 1000.00 resistance price, then sold off about 13.50 cents into the close - flirting to breakout higher - higher highs and lows. Thinking it was a "sell the rumor" day.
support - 988.00, 985.00, 977.00
resistance - 1004.00, 1013.00
January Soymeal marked it's high 2 ticks beyond the 293.00 resistance level, after rallying roughly 6 bucks while remaining above support the entire session.
support - 288.00, 285.50
resistance - 293.50, 299.00
March Corn was too strong to test the upper support price of 436.00, and finished the day up 1.25 cents at 441.25.
support - 437.50-436.00
resistance - 444.50, 455.00
March SRW Wheat marked it's high 1 tick from the 565.00 resistance level, after rallying about 11 cents from last night's low to today's high.
support - 553.00-550.00
resistance - 569.00 - breakout from triangle, 580.00
March HRW Wheat closed 4.25 cents higher on the day, and marked it's high 3.25 cents above the 559.00 resistance price. Hard wheat is in a stable uptrend since last Wednesday's low.
support - 555.00, 550.50
resistance - 567.50 - breakout from W bottom, 580.00
March Spring Wheat traded up through the 600 resistance overnight, then that line became support during the day session. This fact makes for a good argument that spring wheat has begun an uptrend.
support - 600.00, 593.00
resistance - 609.00-612.50
December S&P was trading about 10 bucks below the 6076 support at the time of this writing. Tonight and tomorrow's trade will tell us if this small correction is near the end, or if we're embarking on a more substantial backfill.
support - 6054, 6040
resistance - 6106-6111
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