March Wheat - 1 Lower
March Corn - Steady to 1 Higher
March Soymeal - 0.50 Higher
March Beans - 1.50 Lower
February Crude Oil marked it's low almost directly in between the 71.00 & 69.00 support levels.
support - 70.50
69.00
67.50
resistance - 72.00
73.30
74.25
March Soybeans marked it's low 5 cents below the 1241 support level. The trade volume indicates long capitulation in beans, and also in corn - surrender.
support - 1240.00
1214.00
resistance - 1266.00
1281.00
1291.00-1297.00 - gap
March Soymeal marked the low 1.20 points above the 365.00 support.
support - 367.70
365.00
resistance - 373.50
381.20
March Corn marked it's low 1 cent below the 453.00 support price on blow off volume. The March volume was only a few contracts fewer than January 2nd, which was double the previous several weeks average volume.
support - 453.25
446.50
resistance - 462.00
468.50
475.00
March SRW Wheat almost sold off to the last swing low of 591.25 (not stated).
support - 591.00
588.50
582.00
resistance - 612.00
621.50
631.00
March KC Wheat marked the low 5.75 cents below the 615.00 support level.
support - 613.50
609.00
resistance - 622.25
630.00
636.50
March Spring Wheat marked it's low 1.75 cents below stated support of 702.00.
support - 702.00
696.50
667.00
resistance - 711.50
721.50
725.50
March S&P closed on the 4798 resistance point, after marking it's high 5 points above that.
support - 4760
4700
4670
resistance - 4842
4875
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