Dec Wheat - Steady to 2 Higher
Dec Corn - Steady
Nov Beans - Steady to 1 Lower
Please note that support and buy area are synonymous, and resistance and target level/ sales level are also the same.
December Corn's almost 100% retracement back up after the blood bath Friday, indicates that the bulls are in control, and the likelihood is high, that the harvest low is in.
1st support - between 485-483.50, 2nd support - 478.
1st resistance - 490, 2nd target - between 500-507.
November Soybeans - Day session could not test the overnight low = supportive.
1st support - 1273, 2nd support 1270, 3rd - 1265
1st resistance - 1282, 2nd - 1290, 3rd - 1307.
December SRW Wheat strong rebound today. A follow through up day tomorrow = good odds the low is in place.
1st support - 555, 2nd - 539
1st target higher - 580-586, 2nd - 607.
December KC Wheat lagged behind Chicago.
1st support - 670, 2nd - 661.
1st resistance - 692, 2nd - 723.
December Spring Wheat marked an up day but was the weakest of the wheats.
1st support - 715-714, 2nd - 703.
1st resistance - 728, 2nd - 747.
Here is today's daily December Corn chart showing the retracement back up.