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Friday, May 3, 2024  
 
 

Commentary



Noon Market News

 
Market Insider Closing Commentary
 

MIDWEST MARKET SOLUTIONS
May 2, 2024
by: Brian Hoops, President
www.midwestmarketsolutions.com
follow us on twitter @MidwestMarkets
417-501-5132
Midwest Market Solutions is the leading edge in commodity marketing and trading and is widely recognized as one of the top marketing advisory and brokerage firms in America.

HEADLINES:

-Excessive RGDS rains raise crop loss concerns
-Ukraine early 24/25 grain export ideas down solidly from this year
-Canadian railways authorize strike starting May 22
-Export Sales decent soybeans/wheat/SBO, a bit disappointing corn/SBM
 
 
COVERED IN TODAY'S DAILY NEWSLETTER:

- Grain and Livestock Technicals
- Grain Fundamentals
- Daily Export Announcements
- Fund Activity
- Overnight Trade
- Cattle Fundamentals
- FCE Online Auction
- Cash Cattle Trade 
- Lean Hog Fundamentals
- Weather


HIGHLIGHTS OF THIS WEEK'S MARKET INSIDER NEWSLETTER:

- Grain & Livestock Fundamentals
- Weekly Crop Progress and Conditions Report

- Weekly Export Inspections and EIA Reports
- COT Report
- Cash Cattle Trade and Outlook
- Latest News

Click here to to read more info.
 
 

Futures
@C - CORN - CBOT
Month Change Last Open High Low Close Time More
May 24 3'0 455'0 451'2 455'0 451'0 452'0 02:24A Chart for @C4K Options for @C4K
Jul 24 3'4 463'2 459'4 464'0 459'0 459'6 02:25A Chart for @C4N Options for @C4N
@S - SOYBEANS - CBOT
Month Change Last Open High Low Close Time More
May 24 12'0 1202'0 1193'0 1202'0 1193'0 1190'0 02:26A Chart for @S4K Options for @S4K
Jul 24 11'4 1210'4 1198'2 1212'4 1197'6 1199'0 02:26A Chart for @S4N Options for @S4N
@SM - SOYBEAN MEAL - CBOT
Month Change Last Open High Low Close Time More
May 24 104 3675 3603 3675 3603 3571 02:26A Chart for @SM4K Options for @SM4K
Jul 24 90 3739 3649 3748 3648 3649 02:26A Chart for @SM4N Options for @SM4N
@W - WHEAT - CBOT
Month Change Last Open High Low Close Time More
May 24 0'0 580'6 586'4 02:26A Chart for @W4K Options for @W4K
Jul 24 8'6 613'0 603'2 614'6 603'0 604'2 02:26A Chart for @W4N Options for @W4N
@KW - HARD RED WINTER WHEAT - KCBT
Month Change Last Open High Low Close Time More
May 24 11'4 617'0 637'0s 02:26A Chart for @KW4K Options for @KW4K
@MW - HARD RED SPRING WHEAT - MGE
Month Change Last Open High Low Close Time More
May 24 5'6 716'4 712'0 718'0 712'0 708'2s 02:26A Chart for @MW4K Options for @MW4K
@LE - LIVE CATTLE - CME
Month Change Last Open High Low Close Time More
Jun 24 2.950 176.800 177.150 178.000 176.450 176.800s 05/02 Chart for @LE4M Options for @LE4M
@HE - LEAN HOGS - CME
Month Change Last Open High Low Close Time More
May 24 0.050 93.025 92.775 93.125 92.450 93.075s 05/02 Chart for @HE4K Options for @HE4K
@ES - E-MINI S&P 500 - CME
Month Change Last Open High Low Close Time More
Jun 24 8.75 5100.25 5110.25 5118.00 5099.50 5091.50 02:26A Chart for @ES4M Options for @ES4M
@GF - FEEDER CATTLE - CME
Month Change Last Open High Low Close Time More
May 24 2.175 243.900 244.475 245.600 243.200 243.600s 05/02 Chart for @GF4K Options for @GF4K
Aug 24 3.475 255.400 255.325 257.475 254.800 255.225s 05/02 Chart for @GF4Q Options for @GF4Q
Sep 24 3.375 256.075 256.000 258.100 255.550 255.975s 05/02 Chart for @GF4U Options for @GF4U
My Custom Markets
Symbol Change Last Open High Low Close Time More


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National Radar

Local Conditions
Springfield, MO
Chg Zip Code: 
Temp: 61oF Feels Like: 61oF
Humid: 100% Dew Pt: 61oF
Barom: 29.85 Wind Dir: W
Cond: N/A Wind Spd: 3 mph
Sunrise: 6:15 Sunset: 8:04
As reported at Highland Springs, MO at 2:00 AM
View complete Local Weather

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  This material has been prepared by a sales or trading employee or agent of Midwest Market Solutions and is, or is in the nature of, a solicitation. This material is not a research report prepared by Midwest Market Solution’s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.
 
Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication 
indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent
that you have received this communication indirectly and solicitations are prohibited in your jurisidiction
without registration, the market commentary in this communication should not be considered a solicitation. 
 
The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Midwest Market Solutions believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.
 
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