Sep Wheat - 0.50 Lower
Sep Corn - 0.25 Lower
Sep Soymeal - 0.20 Higher
Nov Beans - 1.125 Lower
September Crude Oil marked it's low 21 cents below the 76.25 support level, then rallied over 2 bucks.
support - 77.70
77.15
resistance - 78.75
79.50
September Soybeans marked it's low 4.00 cents below the 1058.25 support, then rallied 16 cents from that number.
support - 1071.00
1063.50
resistance - 1083.00
1098.00
November Soybeans:
support - 1075.00
1068.50
resistance - 1087.00
1101.50
September Soymeal marked the low within the first 1 dollar support range, then rallied 10.50 bucks.
support - 331.50
329.00
resistance - 340.00
348.00
September Corn marked it's low 1 tick above the 401.75 support price, then rallied 6.50 cents.
support - 405.00
402.50
resistance - 414.00
429.00
December Corn:
support - 420.00
417.25
resistance - 427.00
441.00
September SRW Wheat marked it's high 2 ticks below the 556.00 resistance, then sold off 17 cents.
support - 535.00
530.00
resistance - 548.50
564.00
September HRW Wheat marked it's low 2 ticks above the 555.00 support level, after it sold off about 14 cents high to low.
support - 559.00
555.50
resistance - 567.25
573.50
September Spring Wheat sold off 7.00 cents on the day, falling 4.00 cents below the 606.00 support price.
support - 602.00
596.50
resistance - 609.00
621.50, 630.00
Summertime rallies in corn and soybeans usually mark 3-4 weeks in duration. The current up moves started within a couple of days of July 17th. Therefore, we can look to August 10th-17th as a guide. However, in extreme cases using 2012 as an example, they can last 6-8 weeks.
Sep S&P marked it's high 10 points above the 5543 resistance, then sold off 100 points high to low, filling the gap.
support - 5432
5398
resistance - 5534-5542
5587
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