March Wheat - Steady
March Corn - 1 Lower
March Soymeal - 0.30 Higher
March Beans - 1 to 2 Lower
March Crude Oil marked it's low 4 cents above the 75.50 support level and then rallied about 1.50 bucks.
support - 76.50
75.25
resistance - 78.65
79.25
March Soybeans marked it's low 2 ticks above the 1182.00 support price and then rallied 14 cents.
support - 1191.50-1190.00
1181.00
resistance - 1205.50
1223.00
March Soybean meal marked it's low 1 dollar above 345.50 support, then rallied 18 bucks. The day's high printed about 1.5 points above resistance.
support - 348.00
345.50
resistance - 356.50
363.00
370.50
March Corn marked it's low 1.50 cents below support and then quickly rebounded to above breakeven on the day.
support - 430.00
427.50
resistance - 432.75
437.00
439.50
445.50
March SRW Wheat marked it's low 2 ticks above 588.00 support, then rallied 14 cents.
support - 595.50
590.75
resistance - 603.00
607.00
611.75
March HRW Wheat marked it's low 1.50 cents above support at 594.00.
support - 596.50-595.00
586.50
resistance - 611.00
623.00-626.00
639.00
March Spring Wheat marked it's low 2 ticks above support, then traded in a very narrow/inside range of 5 cents today. Tomorrow will likely (70/30) breakout higher, after the energy compaction today.
support - 680.50
678.00
resistance - 685.50
693.00
707.00
March S&P made it's high about 6 points above resistance of 5060, then sold off to 2.5 points below support of 5034. The day's range was about 30 points. A market participant mechanically selling at the resistance number and buying back at support would make 26 points on 6 points of risk.
support - 5025
5016
resistance - 5067
5100