Dec Wheat - 3 to 4 Lower
Dec Corn - Steady to 1 Lower
Jan Beans - Steady
December Crude Oil marked it's low 1.34 below the middle support of 76.25 on another very weak day and closed at 75.59.
support - 74.90
73.60
70.00
resistance - 77.20-77.50
79.70-80.20
January Soybeans marked it's high 2 ticks above the 1384 resistance and marked the low 1 tick below the 1357 support. Bias still higher.
support - 1358.50
1338.00
resistance/ - 1388.50
targets 1398.50
1420.00
December Corn marked it's low 2 ticks above the 468.00 support and made the high 1 cent below the 481.50 resistance level.
support - 472.00
468.50
resistance/ - 479.00 - light
targets 485.00
487.50
497.00
December SRW Wheat opened above support and rallied, taking out all resistance levels. The high was 3.75 cents above resistance.
support - 581.50
576.50
resistance - 605.00
617.00
623.00
645.50
December KC Wheat marked the low in the first support zone at 631.75, and made it's high above all resistance. The close was 1 tick above the top resistance.
support - 645.50
638.00
resistance - 662.00
674.00
691.50
709.00
December Spring Wheat marked it's low 2.25 cents above support and made the high 2 cents above the 738.00 resistance.
support - 727.00
720.50
resistance - 742.00 - light
746.50
756.50
779.00
790.00
Lots of resistance/target prices given because bias is up in all the grains/oilseeds. Also, the grains will be volatile after 11 AM CST.
December S&P marked a swing low overnight 2 points below the first support level and did not reach up to the first resistance level. 3 small range days in a row. A breakout/range expansion day is due.
support - 4381 - bottom of the channel
4350
4328
resistance - 4411 - top of the channel
4468
4516
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