May Wheat - 1.00 Lower
May Corn - 0.25 Lower
May Soymeal - 1.80 Higher!
May Beans - 1 Lower
June Crude Oil once again marked the low about halfway in between the 2 support levels, then rallied about 2.40, to just past the 82.90 resistance.
Support - 82.85
82.00
resistance - 84.00
85.79
May Soybeans marked the low 1 cent below the 1159.25 support level, then rallied about a dime.
support - 1163.50
1158.00
resistance - 1175.00
1182.00 - 1193.00 next target
May Soymeal marked it's low 3 ticks below the 342.80 support, then rallied 6 bucks, a bit beyond the 1st resistance level. Meal is trying to break up from a big ascending triangle.
support - 342.40
338.80
resistance - 352.40
356.20
May Corn marked it's low on the 438.50 support price, then rallied 6 cents.
support - 442.00
438.50
resistance - 452.50
461.50
May SRW Wheat marked it's low 2.25 cents below the 568.00 support price, then rallied 20 cents.
support - 577.00
564.00
resistance - 593.00
600.00
May HRW Wheat marked it's low 3.75 cents above support, then rallied 3 cents past the 607.00 resistance.
support - 606.25
600.00
resistance - 628.00
636.00
May Spring Wheat remained above support and rallied 13 cents, up to the 668.50 resistance.
support - 665.00
658.50
resistance - 678.00
693.00
June S&P marked the low 2.75 points above the 5035 support, then rallied 70 points, to halfway in between the 2 resistance levels.
support - 5076
5035
resistance - 5139
5215
May Cocoa painted a downside breakaway gap on today's bar. This is the 1st round of old longs panic selling, and should indicate a sharp selloff to the 8600-8400 area in the July contract. After this down leg, I'll expect a rally back to at least 10,000, maybe higher.
