July Wheat - 0.25 Lower
July Corn - 0.25 Lower
July Soymeal - 0.10 Lower
July Beans - 1.00 Lower
I agree with Roger that the risk premium has been removed from these grain markets. Therefore, I think these down moves are short term correctional, as opposed to them being another down leg on the daily and weekly charts.
July Crude Oil marked the low 8 cents above the 72.40 support, after selling off about 1.50.
support - 72.40
71.40
resistance - 76.20
77.60
July Soybeans marked the low 4 cents below the 1180 support.
support - 1178.50
1162.00
resistance - 1189.50
1200.00
July Soymeal marked the low 2.20 above the 352.50 support.
support - 352.50
350.00
resistance - 364.00
368.00
July Corn marked it's low 1 cent above the 439.00 support, then rallied 8 cents.
support - 440.00
435.50
resistance - 449.00
454.00
July SRW Wheat marked it's low 7 cents below stated support.
support - 657.50
650.00
resistance - 682.00
698.50
July HRW Wheat marked it's low 3.75 below the 690.00 support level, after selling off from 705.00.
support - 686.25
678.00
resistance - 700.00-705.00
728.50
July Spring Wheat marked the low 2.50 cents below the 723.50 support level, after selling off from 736.50.
support - 721.00
711.00
resistance - 736.00
756.00
June S&P marked it's high 3 ticks below the 5313 resistance, after rallying about 50 points.
support - 5260
5245
resistance - 5313 - breakout
5340
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