July Wheat - 1.25 Lower
July Corn - 0.50 Lower
July Soymeal - 0.10 Lower
July Beans - 1.00 Lower
Crude price - 75.32, down 0.21
S&P price - 5354.75, down 1.00
July Crude Oil Marked the high 5 cents above the 76.20 resistance price, then sold off about a buck. No breakout yet.
support - 75.00
73.90
resistance - 76.25 - breakout
77.60
July Soybeans marked the low 10 cents below support while testing Wednesday's low on heavy volume - continuing to forge a bottom.
support - 1176.50
1162.00
resistance - 1195.00
1205.00
July Soymeal marked it's low around 355.00, also testing Wednesday's low forming a triple bottom.
support - 358.00
352.50
resistance - 365.00
370.00
July Corn marked it's low 3 ticks above the 443.50 support, printing a higher low, confirming the likelihood of last week's solid bottom on.
Support - 447.25
444.00
resistance - 454.50
457.00
July SRW Wheat has retraced about 50% of the entire rally from March to May, crashing through support again Friday. It is probably a good spot to begin accumulating for a longer time frame (2-3 months) play.
support - 623.00
609.50
resistance - 654.00
665.00
July HRW Wheat also eclipsed support.
support - 661.00
650.50
resistance - 674.00
690.00
July Spring Wheat marked the low 1 tick below the 690.50 support level after selling about 17 cents high to low.
support - 692.00
680.50
resistance - 720.00
729.00
June S&P took out the resistance at 5373 by about 10 points, then reversed down for 30 points.
support - 5350
5328, 5311
resistance - 5394
5450
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