May Wheat - 0.25 Higher
May Corn - 0.50 Higher
May Soymeal - Steady
May Beans - 1.25 Lower
May Crude Oil marked it's low 44 cents below the 81.50 support level, after selling off about 1.50 from the open/highs.
support - 81.55
80.60
resistance - 82.90
84.90
May Soybeans took out the 1142.00 support price by about 9 cents. 2 days in a row taking out support means beans are capitulating/exhausting to the downside.
support - 1128.50
1124.00
resistance - 1155.50
1180.00
May Soymeal marked the low 70 cents above the 335.50 support level. Because meal is stronger than beans, this is bullish for beans, ultimately. Underlying strength is building.
support - 337.40
336.00
resistance - 342.00
345.50
May Corn marked the low 2.25 cents below the 428.50 support point.
support - 424.50
421.50
resistance - 431.00
434.50
May SRW Wheat marked it's low 1.75 cents below 536.00 support, after selling off 8 cents from the high, which was 1 cent above the 543 resistance level.
support - 533.50
527.00
resistance - 544.50
555.00
May HRW Wheat marked it's low 1.25 cents above the 571.00 support price, then rallied a dime. In the overnight market, HR Wheat marked it's high 1 tick below 581 resistance, then sold off 9 cents. 10 + 9 = 19 cents - $950.
support - 575.50
572.00
resistance - 584.00
589.00
May Spring Wheat remained above support, and rallied to 3 cents above resistance at 642.50.
support - 636.25
633.00
resistance - 647.50
654.50
June S&P marked it's high 8 points above the 5087 resistance price, then sold off almost 50 points - $2500.
support - 5043
4952
resistance - 5097
5123
