May Wheat - 0.75 Higher
May Corn - 0.75 Lower
May Soymeal - Steady
May Beans - 1.25 Lower
April Crude Oil Marked it's low 35 cents below the 78.00 support level.
support - 78.00
77.15
resistance - 80.50
83.75
May Soybeans marked it's low 2 cents above support, then proceeded to rally 20 cents
support - 1156.00
1147.00
resistance - 1172.00 - breakout
1192.00
1202.00-1212.00
May Soymeal marked it's low 80 cents above 329.00 support, then rallied 5 bucks.
support - 331.00
327.00
resistance - 339.00
352.50
May Corn marked it's low 1.50 cents above support, then rallied a dime.
support - 436.25
432.00
resistance - 446.00-448.00
460.00
May SRW Wheat marked it's low 2 ticks above support and formed a double bottom with yesterday's low. Wheat also tested the November 27th continuation chart low of 527.50, therefore marking a larger double bottom.
support - 527.00
490.00
resistance - 539.00
551.00
568.50
May HRW Wheat marked it's low very close to support at 555.00, then rallied 25 cents.
support - 570.00
561.00
resistance - 582.00 - breakout
595.00
May Spring Wheat made it's low a couple of ticks above support, then rallied 20 cents to just above 1st resistance.
support - 650.00
642.00
resistance - 665.00
675.00
March S&P rallied to new highs today, eclipsing resistance at 5158 by 12 points and closing ay 5157.25
support - 5134
5081
resistance - 5182
5218
May Corn closed just above old resistance at 434.00 today. The close is also above 2 trendlines on the daily chart. 434.00 should now be support, but anything can happen with these squirrelly monthly reports.
Here's the corn daily continuation chart:
We have all heard and experienced how mild and fairly dry this winter has been. This is a comparison of the drought monitor for this week, and for the same week in 2012.