March Wheat - 1.0 Higher
March Corn - 0.75 Lower
March Soymeal - Steady
March Beans - 0.75 Lower
March Crude Oil marked it's low 15 cents below the 76.00
support level, then rallied over 2 bucks.
support - 75.85
75.25
resistance - 78.15
79.30-79.70
March Soybeans marked it's low in between the 2 support levels, and then rallied 30 plus cents past the 2nd resistance at 1218.00.
support - 1218.00-1215.00
1206.50
resistance/targets - 1231.00
1248.50-1252.00
March Soybean Meal marked it's low above support and rallied almost 10 bucks.
support - 359.00
356.00
resistance - 367.00
374.00
March Corn traded a key reversal daily bar today - by marking a lower low and closing above yesterday's high. These 1 day patterns are generally very reliable at signaling a trend change - in this case from down to up. See the March Corn Daily bar chart below, illustrating the reversal.
March Corn marked it's low 1 tick above the 436.25 support, then it rallied almost 12 cents from there.
support - 444.50-444.00
442.00
resistance - 453.00
460.00
March SRW Wheat marked it's low 2.00 cents below the 586.50 support level and then rallied about 20 cents.
support - 602.00
598.50
resistance - 614.00-617.50
623.50
March KC Wheat marked it's low 2 cents above the 610.00 support, then rallied 20 cents.
support - 627.00-625.00
619.50
resistance - 638.00-641.00
648.00
March Spring Wheat marked it's low 1 cent below the 691 support level, then it rallied about 11 cents.
support - 695.50
690.00
resistance - 705.00
711.50
721.00
March S&P traded in a narrow range, with the lows staying between the 2 given support levels and the highs near yesterday's high prices. Sorry for the typos yesterday (3).
support - 4940
4936
resistance - 4958
4995
