Sep Wheat - 0.50 Lower
Sep Corn - 0.25 Lower
Aug Soymeal - Steady
Aug Beans - 0.25 Lower
August Crude Oil traded up towards the top of the channel today, closing above resistance at 81.75. Crude should now try to break higher and continue it's uptrend.
support - 81.15
80.50
resistance - 83.35
84.50
The 433.00 corn support in yesterday's report was for the December contract. Today's low was 433.00. Sorry for the confusion.
August Soybeans marked the low 1.25 cents below the 1135.00 support level, after selling off 15 cents.
support - 1134.00
1124.50
resistance - 1150.00-1152.50
1158.00, 1162.50 - breakout
August Soymeal marked it's low 1.40 bucks below the 345.50 support level, then rallied 8 bucks low to high.
support - 346.50
342.50
resistance - 358.00
362.50 - breakout
Sep Corn marked it's low 1.25 cents above the 421.00 support level, after trading in a relatively small range today, accumulating energy.
support - 421.00
415.50
resistance - 429.00
436.00, 440.50
Sep SRW Wheat marked the high and close above the 579.50 resistance level. Odds are that we've seen a good bottom.
support - 578.50
570.50
resistance - 595.00
611.00 - old gap to the left
Sep HRW Wheat closed a few ticks above the lower resistance range, after rallying 19 cents from the first stated support range.
support - 592.50
588.00, 585.50
resistance - 608.50
616.00
Sep Spring Wheat marked it's low 1 cent above the 602.00 support then rallied 18 cents low to high. It closed 3.00 cents above the 615.00 resistance level. Yesterday's inferences were confirmed by today's rallies in all 3 wheats.
support - 614.50
611.50
resistance - 632.00
649.00
Sep S&P marked it's low 3.75 points above the 5512 support price, then rallied 39 points low to high.
support - 5540
5528
resistance - 5560
5588
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