Carmen Office   580-987-2234 Carmen Station    580-987-2317 Aline Office    580-463-2544 Cherokee Office   580-596-3388
Cherokee Station    580-596-2439 Ames 580-753-4212 Ames Station   580-753-4220 Drummond   580-493-2212
Carmen Office   580-987-2234 Carmen Station    580-987-2317
Aline Office    580-463-2544  Cherokee Office   580-596-3388
Cherokee Station    580-596-2439 Ames 580-753-4212
 Ames Station   580-753-4220  Drummond   580-493-2212

 
 
 


Brugler Commentary
Corn Closes at Limit Losses
Domestic corn futures ended the Thursday session with limit losses of 40 cents through September of 2022. At the close, synthetic July futures were worth $6.30 1/2 using the 630 options strike. For Dec, the synthetic price was $5.31/bu. A bearish whirlwind of a stronger dollar, rainier weather forecasts, slow...
Cattle Weaker By Triple Digits
At the close, front month fat cattle futures were $2.72 to $3.82 lower. June fats were in the black earlier, converging with cash, though ended the session $2.20 in the red. USDA confirmed additional Wednesday cash sales from $121-$124. NE cattle went $124 live and $193-$196 dressed, while Southern deals...
Beans Close Down by More than a Buck
The soy complex utilized the expanded limits for beans and oil on Thursday. Soybeans closed $0.83 3/4 to $1.18 3/4 cents weaker. Soymeal futures ended the session $15.90 to $17.70 weaker. Soybean oil led the decline, utilizing all 550 points of the expanded limits. With that, the soy complex will...
Wheat Closes Harshly Lower
Wheat futures were down double digits on Thursday taking part in the broad commodity sell off. CBT futures were 21 3/4 to 23 3/4 cents lower at the close. KC HRW futures ended the session with losses of 22 1/4 to 25 1/2 cents. The spot HRW to corn ratio...
Hogs Fall the Expanded Limit
At the close, lean hog futures were $1.77 to $4.50 weaker, with expanded limit losses for July and August contracts. Futures will maintain their $4.50 expanded limits for Friday’s trading. USDA’s National Average Base Hog price for Thursday was $6.17 weaker to $122.28. The CME Lean Hog Index for 6/15 pulled...
Cotton Weakens on Thursdays Selloff
Cotton futures ended the session with 116 to 193 point losses. July was the firmest, recovering its premium to new crop prices. Thursday’s trade was hit with a broad commodities sell off, leading Crude Oil futures 1.5% lower and the Bloomberg Commodity Index 3.13% lower.  The weekly Export Sales report showed...