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Grains: Dec. Corn is currently 2’0 higher at 548’6, down 2’4 for the week. Nov. Beans are 5’6 lower at 1320’0, down 12 cents for the week. Crop conditions in the Eastern Corn Belt still look near perfect, possibly making up for the hot and dry near drought conditions in the western and northern peripheries of the Corn Belt. Beans rallied late last week only to give up their gains on poor export numbers. Support for Dec. Corn is i8n the 536’0 are and Resistance is 573’0. Support for Nov. Beans is the 1280’0 level and Resistance 1375’0.
Cattle: Oct. Live Cattle closed up 82 points on Wednesday at 128.97, up 45 for the week. Aug. Feeder Cattle settled up 30 at 159.20, down 97 for the week giving up just a small amount f recent gains due to the set back in feed grain prices. The perception is that demand is picking up as people are feeling a bit more comfortable going to restaurants and gatherings as more people have been vaccinated. The fly in the ointment is if we once again have mandated masking and other restrictions due to the highly contagious Delta variant of Covid-19. Support for LCV is the 126.0 area and Resistance is 130.00.
Silver: Sept. Silver is currently 4 cents higher at 25.50 about unchanged since last weeks “Report: Support remains at 24.80 with Resistance at 26.03.
S&P: S&P’s are 9.00 higher at 4404.00up 4.00 for the week. Support is currently 4365.00 and Resistance remains at 4420.0.
Currencies: The Sept. Euro is unchanged this morning at 1.1847,down 35 for the week. The Yen unch. at 0.9129, up 20 for the week, the Pound up 18 at 1.3908, down 46 for the week and the Dollar Index also unchanged this morning at 92.27, up 19 for the week. Short term trends remain up on the Yen and down on the Dollar Index.
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