Alan Brugler
Cotton Showing Slight Gains on Friday Morning
BarchartFri Apr 19, 7:27AM CDT
The cotton market is trading higher to round out the week, with gains of 13 to 63 points this morning. Futures posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts...
Soybeans Higher Following Overnight Trade
BarchartFri Apr 19, 7:27AM CDT
Soybeans are trading 3 to 4 cents higher following overnight trade. They pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was...
Hogs Ready to Round Out the Week
BarchartFri Apr 19, 7:27AM CDT
Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. USDA’s National Average Base Hog negotiated price was up 65 cents at $89.78 in the Thursday afternoon report. The CME Lean Hog Index...
Wheat Greening Up On Friday
BarchartFri Apr 19, 7:27AM CDT
The wheat markets are trading higher this morning with Chicago and MPLS putting in a joint effort to lead the way, up 5 to 7 cents. KC is steady to 2 cents higher. They put together some buyers on Thursday, as contracts were mostly higher. Chicago was the weakest, with...
Cattle Traders Getting Prepped for CoF Data
BarchartFri Apr 19, 7:27AM CDT
Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There have still been no deliveries against April futures. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning,...
Cotton Heads Lower on Thursday
BarchartThu Apr 18, 4:44PM CDT
The cotton market posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts following along. The US dollar index was up 226 points on the day, with crude oil back up...
Soybeans Close Near Thursday’s Lows
BarchartThu Apr 18, 4:44PM CDT
Soybeans pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was down another 22 to 90 points on the day. Export Sales...
Cattle Head Higher into the Close
BarchartThu Apr 18, 4:44PM CDT
Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There have still been no deliveries against April futures. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning,...
Wheat Rounds Out Thursday with Gains
BarchartThu Apr 18, 4:44PM CDT
The wheat markets put together some strength on Thursday, as contracts were mostly higher. Chicago was the weakest, with nearby May closing down ¼, but other contracts up ¾ to 2 ¼ cents. Kansas City was up 1 ½ to 6 ¼ cents at the close. Minneapolis spring wheat futures...
Hogs Leak Lower on Thursday
BarchartThu Apr 18, 4:44PM CDT
Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. USDA’s National Average Base Hog negotiated price was up 65 cents at $89.78 in the Thursday afternoon report. The CME Lean Hog Index...
Corn Pressured Lower on Thursday
BarchartThu Apr 18, 4:44PM CDT
Thursday trading in the corn market saw weakness creep in, with losses of 3 1/2 to 4 ¾ cents at the close. May was 3 ½ cents in the red and back below $4.30, with December settling at $4.60, down 4 ¾. USDA’s Export Sales report showed a 54% uptick...
Cattle Mixed but Mostly Higher on Thursday
BarchartThu Apr 18, 11:55AM CDT
Live cattle futures are mixed at midday, with the front months down 12 to 25 cents and other contracts 7 to 62 cents higher. Cash action has been quiet so far this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning, with...
Hogs Feeling Heavy on Thursday
BarchartThu Apr 18, 11:55AM CDT
Hogs are trading 40 cents to $1 lower across most contracts on Thursday’s session. USDA’s National Average Base Hog negotiated price was $2.04 at $90.49 in the Thursday morning report. The CME Lean Hog Index was another 38 cents higher at $91.36 on April 16. Pork export sales during the...
Cotton Continue Collapse at Midday
BarchartThu Apr 18, 11:55AM CDT
The cotton market is down 59 to 168 points across most contracts on Thursday. The death spiral liquidation continues for May, as longs get out before deliveries, with rest of the contracts following along. The US dollar index is up 141 points at midday, with crude oil back up 141...