March Wheat - 0.50 Higher
March Corn - Steady
March Soymeal - 0.20 Higher
March Beans - Steady to 1 Lower
March Crude Oil marked it's high 4 cents below resistance near the open last night, then sold off to between the 2 support levels - 2+ bucks.
support - 75.55
74.00
resistance - 77.50
78.25
March Soybeans marked it's low 1 tick above the 1206.50 support level, then rallied 15 cents.
support - 1217.00
1206.50
resistance - 1231.00
1248.00
1252.00
March Soymeal marked it's low at the 359.00 support level, then rallied 11 bucks.
support - 365.00
358.50
resistance - 373.50
381.00
March Corn marked it's low 3 ticks below the 444.00 support level, then rebounded 4 cents. Corn's rejection of the 444-443 area by the buyers is what we want to see after the key reversal!
support - 447.00
443.00
resistance - 453.00
461.50
March SRW Wheat marked it's low 6 cents below support.
support - 593.00
588.50
resistance - 600.00
608.50
617.50
March KC Wheat marked it's low 2.50 cents below the 629.50 support, then rallied 15 cents.
support - 619.50
606.50-605.00
601.00
resistance - 627.00
632.50
641.50
March Spring Wheat marked it's low 3 ticks below the 690.00 support level, then rallied 6 cents.
support - 691.25
688.50
resistance - 696.50
701.50
706.00
March S&P fell through support today on a big selloff of 81 points. The 4936 support became a solid resistance level to put on a short.
support - 4869
4839
resistance - 4925
4937
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