Sep Wheat - 0.75 Lower
Dec Corn - 0.50 Lower
Dec Soymeal - 0.30 Higher
Nov Beans - Steady
October Crude Oil marked it's low 10 cents above the 71.50 support level, then rallied almost 2 bucks.
support - 72.60
72.35
resistance - 73.55 - breakout
74.20
November Soybeans were dragged down by wheat, crashing through support, but remaining above the contract lows.
support - 959.00
955.00
resistance - 975.00
985.00
December Soymeal marked it's low 1.40 below the 304.00 support level, after selling off 7 bucks. The close was above 304.00
support - 303.30
301.50
resistance - 310.00
314.00
December Corn marked it's low 2.00 cents below 395.00, after selling off 6 cents from overnight highs, and was also dragged by wheat.
support - 391.50
389.00
resistance - 400.50
404.00
September SRW Wheat crashed through support, stopping out most new longs, and trading at price lows not seen since 2020.
support - 508.75
502.00
resistance - 525.00
537.00
September HRW Wheat experienced a similar day and sold off to new lows not seen since 2020.
support - 525.50
520.00
resistance - 533.00
541.00
September Spring Wheat broke out to the downside of the 3 week channel on huge volume. Now we see what happens tomorrow. Often, markets will take off in 1 direction to trap traders, then reverse.
support - don't know
542.00 - next weekly support
resistance - 578.00-580.00
596.00
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