Dec Wheat - 1.75 Higher
Dec Corn - Steady
Dec Soymeal - 0.20 Higher
Nov Beans - 0.75 Lower
November Crude Oil most likely completed it's correction today with the additional down leg that poked briefly below the 72.30-72.00 support, then rallied about 2 bucks from the low.
support - 72.50
71.50
resistance - 74.50-74.80
75.90
November Soybeans marked the low right at the 1011.50 support, after selling off about 16 cents from the high.
support - 1017.50
1011.50
resistance - 1027.50 - breakout
1040.00
December Soymeal marked it's low 1 dollar below the 321.00 support price, as it also nears the end of this big correction.
support - 319.50
315.00
resistance - 328.00
336.00
December Corn marked it's low 1.25 cents above the 419.00 support in what was a small range trading day.
support - 420.25
416.50
resistance - 426.00
430.00
Here's the 8 hour December Corn chart, with the price targets mentioned yesterday illustrated with red arrows.
December SRW Wheat traded above support, then rallied a few cents above the 600.00 resistance level, also closing above this mark.
support - 597.50
594.00
resistance - 606.00
618.00
December HRW Wheat exhibited similar strength today, rallying about 4 cents above resistance.
support - 604.50
598.00
resistance - 616.00
625.00
December Spring Wheat marked it's low 2.00 cents above 640.00, then rallied 13.00 cents low to high.
support - 645.00
641.50
resistance - 655.00 - breakout
704.00
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