May Wheat - 1.50 Higher
May Corn - 0.50 Lower
May Soymeal - 1.30 Higher
May Beans - 1.50 Lower
May Crude Oil crashed through current support to trade down to old support levels. Stops are prudent.
support - 82.65
81.50
resistance - 85.10
86.30
May Soybeans marked the low directly in between the 2 listed levels, then rallied 12 cents.
support - 1147.50
1142.00
resistance - 1160.00
1174.00
May Soymeal marked it's low 2 ticks above the 335.00 support level, then rallied 6 bucks.
support - 337.80
335.50
resistance - 342.00
345.50 - breakout
May Corn marked the low on the upper support level of 429.50, after selling 3.50 cents.
support - 430.00
428.50
resistance - 434.50
438.00 - breakout
May SRW Wheat broke new support, and traded down to old support levels in the 437.00 area.
support - 536.00
527.00
resistance - 543.00
555.00
May HRW Wheat also crashed through support levels.
support - 571.00
560.50
resistance - 581.00
589.50
May Spring Wheat marked the low 3 ticks above lower support at 631.75, after selling off 10 cents from the high.
support - 632.50
630.00
resistance - 642.50
651.00
June S&P marked the high 5.50 points below the listed resistance level of 5126, then proceeded to sell of about 70 points, to 12 below the 5060 support price. $3500/lot.
support - 5058
4954
resistance - 5087
5120 - breakout
5209
