Alan Brugler
Wheat Rallying to Round out Strong Week
BarchartFri Apr 26, 11:40AM CDT
Wheat bulls are continuing to push the shorts out on Friday, as contracts are up across much of the board. Kansas City continues to lead the way, with gains of 10 to 13 cents at midday. Chicago futures are trading with 4 to 5 cent gains across the front months....
Soybeans Hesitant to Head Higher on Planting Delays
BarchartFri Apr 26, 11:40AM CDT
Soybeans are trading with fractional to 3 ¼ cent losses across the nearby contracts on Friday. Soymeal is down $2.30 in the nearby May contract. Soy Oil is showing some strength, up 15 points for May. May options expire across the complex today. Planting will likely be put on hold...
Cattle Regaining Strength to Round Out Week
BarchartFri Apr 26, 11:40AM CDT
Cattle futures are continuing to shrug off the Wednesday overreaction, as contracts are up another 60 cents to $1.52 at midday. Cash trade kicked off on Thursday with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a...
Hogs Continue Drop into Friday
BarchartFri Apr 26, 11:40AM CDT
Lean hogs are down another $1.12 to $2.45 at midday. USDA’s National Average Base Hog negotiated price was not reported on Friday morning, with a 5 day rolling average at 90.45. The CME Lean Hog Index was back down 21 cents on April 24 at $91.43. May futures still hold...
Corn Sneaking Higher into the Weekend
BarchartFri Apr 26, 11:40AM CDT
Midday action in the corn market has futures showed fractional to 1 cent gains across the front months. Some spillover support form wheat could be attributed to the gains. Rains over the next few days will put a pause on planting for a good chunk of the Corn Belt. There...
Cotton Mixed on Friday
BarchartFri Apr 26, 11:40AM CDT
Cotton futures showing mixed action on Friday, with front months up 6 to 49 points and December and beyond down 3 to 22 points. The outside markets are providing a mixed influence, with crude oil up 45 cents/barrel and the US dollar index 469 points higher. ICE certified cotton stocks...
Cotton Posting Gains to Start Friday
BarchartFri Apr 26, 7:22AM CDT
Cotton futures are up 6 to 45 this morning. They posted mixed action on Thursday, with contracts anywhere from up 38 points to 21 points lower. The outside market influences saw crude oil up $1.03/barrel (highest close since April 16) and the US dollar index 260 points lower. USDA Export...
Corn Showing Slight Losses on Friday Morning
BarchartFri Apr 26, 7:22AM CDT
Overnight trade has corn prices slightly lower this morning. Corn finished Thursday with contracts up 1 ¾ to 5 cents across the board. Futures were helped out by spillover support from wheat and positive Export Sales data. USDA reported corn bookings of 1.3 MMT for the week of 4/18 in...
Cattle Traders Look to Round Out the Week
BarchartFri Apr 26, 7:22AM CDT
Live cattle had a back and forth trade on Thursday but settled near the highs with $1.60 to $2.67 gains. Cash trade kicked off with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a week ago. Northern...
Soybeans Starting Out Lower
BarchartFri Apr 26, 7:22AM CDT
Soybeans are trading 5 to 7 cents lower after a round of overnight trade. They rallied off the early midday losses by 10-13 cents on Thursday to close with front months down 1 to 3 ¼ cents and the September and beyond contracts up ½ to 2 ½ cents. May...
Wheat Mixed After Overnight Trade
BarchartFri Apr 26, 7:22AM CDT
The wheat complex is mixed to begin your Friday morning, with KC showing some slight gains. They extended the bulls winning streak on Thursday. MPLS led the way this time, up 7 to 12 cents, with Kansas City 8 to 10 ½ cents higher in most contracts. Chicago futures were...
Hogs Ready to Close Out the Week
BarchartFri Apr 26, 7:22AM CDT
Lean hogs fell $1.17 to $2.45 in the front months on Thursday, with the other contracts down 80 to 97 cents. USDA’s National Average Base Hog negotiated price was down $2.78 on Thursday afternoon, at $88.71. The CME Lean Hog Index was up 19 cents on April 23 at $91.64....
Cattle Bounce Back from Wednesday’s Overreaction
BarchartThu Apr 25, 4:51PM CDT
Live cattle had a back and forth trade on Thursday but settled near the highs with $1.60 to $2.67 gains. Cash trade kicked off with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a week ago. Northern...
Cotton Mixed Following Positive Export Sales Data
BarchartThu Apr 25, 4:51PM CDT
Cotton futures posted mixed action on Thursday, with contracts anywhere from up 38 points to 21 points lower. The outside market influences saw crude oil up $1.03/barrel and the US dollar index 260 points lower. Export Sales data from this morning saw an uptick to the old crop cotton bookings...
Hogs Pull Back on Thursday with Negotiated Weakness
BarchartThu Apr 25, 4:51PM CDT
Lean hogs fell $1.17 to $2.45 in the front months on Thursday, with the other contracts down 80 to 97 cents. USDA’s National Average Base Hog negotiated price was down $2.78 on Thursday afternoon, at $88.71. The CME Lean Hog Index was up 19 cents on April 23 at $91.64....