March Wheat - 0.50 Higher
March Corn - 0.25 Higher
March Soymeal - 0.10 Lower
March Beans - 1.0 Lower
March Crude Oil continues it march upwards and rallied to within 18 cents of the 78.65 target.
support - 77.00
75.85
resistance - 78.80
79.25
81.50
March Soybeans marked it's low 2 cents above lower support after selling off 14 cents.
support - 1184.75
1180.00
resistance - 1198.00
1205.00
1223.00
March Soymeal marked it's low 1.50 points below 345.50 support after selling off about 6 bucks.
support - 343.00
341.00
resistance - 357.00
363.00
March Corn marked it's low exactly in between the 430.00 and 427.50 support levels and then rallied 5.50 cents.
support - 430.00
427.00
resistance - 436.00
439.00
445.50
March SRW Wheat marked it's low 1.50 cents below 2nd support, then rallied to 603.50, which is 2 ticks above resistance. At the high, wheat sold off 7 cents - 17 cents potential.
support - 595.75
592.00
resistance - 604.00-606.50
611.50
618.00
March HRW Wheat marked it's low in between the 2 support levels that were 10 cents apart, and closed at the upper support price.
support - 594.00
591.00
586.50
resistance - 606.00
611.75
620.00
March Spring Wheat sold off hard to new weekly levels, violating all support numbers. There is a low at 668.00 from May of 2021. This support mark is about 2.50 cents below today's low.
support - 671.25
668.00-666.00
resistance - 680.00-681.00
697.00-698.50
March S&P support at 5025 was violated just before the pit open today. This level became resistance on the 8:30 open. Prices slid down to 4935 (90 points), indicating a larger time frame correction has begun - larger as in days to weeks, not months.
support - 4960-4955
4925
4842 - extreme
resistance - 4990
5005
5029