Dec Wheat - 1.25 Lower
Dec Corn - 0.25 Lower
Dec Soymeal - 0.60 Higher
Jan Beans - 0.50 Lower
January Crude Oil traded to within 4 ticks of the 70.00 resistance level, then sold off about 2.30 Dollars from high to low.
support - 68.65-68.50
resistance - 70.00, 70.60
January Soybeans marked the low 3 ticks below the 986.00 support price, then rallied almost a dime low to high.
support - 987.50-985.00, 982.00
resistance - 1002.00. 1011.00
December Soymeal marked it's low 4 ticks below the 287.50 support level, then rallied almost 4 bucks.
support - 288.00-287.00, 283.00
resistance - 293.00. 297.00
December Corn marked it's low 2.75 cents above the 422.00 support price, then gained 3.00 cents for the day. This price action is bullish.
support - 427.50, 424.50
resistance - 435.00, 441.00
A breakout above (448.00 - March) projects a target of 500-510 in the March contract. We will roll to March contract shortly - should be 30 days or less.
December SRW Wheat marked it's low 2.00 cents below the 545.50 support point, then rallied about a dime from low to high.
support - 551.00, 546.00
resistance - 559.00, 569.00
December HRW Wheat marked it's low 1.50 cents above the 552.00 support level, then rallied about 12.50 cents.
support - 558.00, 553.25
resistance - 567.00, 573.00
December Spring Wheat marked it's low 1 tick from the 582.00 support price, then rallied 11.50 cents from low to high, trading within 3 ticks of the 594.50 resistance point.
support - 586.00, 581.50
resistance - 595.50, 605.50
December S&P marked it's low 6 bucks below the 5886 support level, after selling off about 77 bucks from the overnight high to the low. Today's price action created up pressure on the chart, therefore we should begin another up leg to new highs.
support - 5910, 5889
resistance - 5958, 6001
How did you get your corn target? How did you estimate the time it would take?