Dec Wheat - Steady
Dec Corn - 0.25 Lower
Dec Soymeal - Steady
Jan Beans - 1.00 Lower
Volatility will probably pick up tonight and tomorrow.
December Crude Oil rallied past 72.00 resistance point, corrected about a dollar, then regained about half of the correction to trade at 72.10 by the time of this writing.
support - 71.40
69.00
resistance - 73.60
74.80
January Soybeans marked the low 1 tick above the 996.00 support level, then rallied about 7.50 cents to close at 1003.50.
support - 998.50
994.00
resistance - 1009.00
1018.00
December Soymeal traded sideways filling out a spike and ledge pattern, and marked it's low 70 cents below the 297.70 support price.
support - 296.80
293.50
resistance - 303.00
307.00
Check out the Soymeal pattern:
December Corn marked it's low 2 ticks below the 415.75 support level, then rallied to 1 tick shy of the 420.00 resistance price.
support - 416.75
415.00
resistance - 420.00 - breakout
424.00, 428.00
December SRW Wheat marked it's low at the 565.25 support price, and traded sideways to up, with 575.25 being the high.
support - 565.50
557.50
resistance - 578.00-580.00 - breakout
596.00, 610.50
December HRW Wheat closed 2.00 cents above the 575.00 breakout point, to gain 6.00 cents on the day.
support - 573.00
568.50
resistance - 583.00
594.00, 603.00
December Spring Wheat gained 5.50 cents on the day, while marking the high 2.75 cents above the 610.00 resistance level.
support - 602.50
596.00
resistance - 617.00
624.00
December S&P marked it's low 5 ticks above the 5723 support price, then rallied about 99 bucks, closing near the high.
support - 5777
5720
resistance - 5840
5890
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