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Alan Brugler
Cotton Falling at Midday
BarchartWed Apr 17, 11:59AM CDT
Midday action in the cotton market is showing losses of 48 to 198 points so far on Wednesday, as the trend remains lower. Pressure is being felt from the crude oil side of things, with futures down $2.79 at midday. ICE certified cotton stocks were up another 2,269 bales on...
Wheat Pushing Lower at Midday
BarchartWed Apr 17, 11:59AM CDT
The wheat markets are heading lower at midday, pressed by the winter wheat. Chicago contracts are down 8 to 9 cents at midday, as well as the Kansas City futures. Minneapolis spring wheat is steady to 3 cents in the red at midday. USDA will release the weekly Export Sales...
Beans Holding Up on Wednesday
BarchartWed Apr 17, 11:59AM CDT
Soybeans are trading on the higher side of unchanged so far on the midweek session as futures are up 1 to 2 ½ cents so far. The product values keep a supportive thing for once this week, with Soymeal up $1.50 to $1.90/ton and Soy Oil 8 to 9 points...
Cattle Pulling Back After Early Week Gains
BarchartWed Apr 17, 11:59AM CDT
Live cattle futures are down anywhere from a quarter to $1.45 at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids at $181 and asks at $184. Feeder cattle are also in retreat after running...
Hogs Mostly Lower on Wednesday
BarchartWed Apr 17, 11:59AM CDT
Hogs are down 15 to 52 cents across most contracts, with exception to a 12 cent gain in the August. USDA’s National Average Base Hog negotiated price was up $2.31 at $88.45 in this morning report. The CME Lean Hog Index was another 25 cents higher at $90.98 on April...
Corn Back to Lower at Midday
BarchartWed Apr 17, 11:59AM CDT
Corn futures are felling some spillover pressure from wheat, as contracts are down ½ to 2 cents at midday. New crop December is 1 ½ cents lower. EIA data from this morning showed a sharp 73,000 barrel per day drop to ethanol production in the week that ended on April...
Beans Mixed Following Overnight Trade
BarchartWed Apr 17, 7:28AM CDT
Soybeans are posting mixed action as we round out overnight trade, with the front months fractionally higher. They saw 6 ¼ to 13 ¼ cent losses across the board on Tuesday, with contracts closing near the lows for the day. The product values keep a weight on things, with Soymeal...
Cattle Bulls Working on First Winning Streak Since February
BarchartWed Apr 17, 7:28AM CDT
Live cattle continued the rally from Monday with contracts closing $1.20 to $1.90 higher at the close on Tuesday. A higher close today would make it 3 days in a row for the first time in nearly 2 months. Still no deliveries have been scheduled against April futures as of...
Corn Holding Steady on Wednesday Morning
BarchartWed Apr 17, 7:28AM CDT
Overnight trade on the CBoT has corn steady to a penny higher this morning. Corn bulls were stuck in the mud on Tuesday, as contracts saw losses of just ½ to 2 ½ cents across the board. May was 2 ½ cents off the session low at the close, with...
Cotton Continuing Descent into Wednesday
BarchartWed Apr 17, 7:28AM CDT
Cotton futures are down 36 to 89 points following overnight action. The closing bell in the cotton market had futures down 51 to 251 points. The outside market had little impact, as WTI crude oil was up 17 cents, with the US dollar index up 187 points. Cotton planting in...
Hogs Look to Wednesday Trade
BarchartWed Apr 17, 7:28AM CDT
Lean hogs posted gains of anywhere from a tick to 40 cents on Tuesday. December was the lone exception, a dime lower. USDA’s National Average Base Hog negotiated price was up $3.33 at $86.04 in this afternoon report. The CME Lean Hog Index was another 17 cents higher at $90.73...
Wheat Continues Mixed Action on Wednesday Morning
BarchartWed Apr 17, 7:28AM CDT
The wheat complex is mixed so far on Wednesday morning, with KC back lower as CBT and MPLS are posting slight gains. They posted mixed trade, with the hard red contracts posting a Turnaround Tuesday. MPLS spring wheat was leading the charge at midday but pulled off the highs to...
Hogs Higher on Turnaround Tuesday
BarchartTue Apr 16, 4:39PM CDT
Lean hogs posted gains of anywhere from a tick to 40 cents on Tuesday. December was the lone exception, a dime lower. USDA’s National Average Base Hog negotiated price was up $3.33 at $86.04 in this afternoon report. The CME Lean Hog Index was another 17 cents higher at $90.73...
Cattle Rally On Tuesday
BarchartTue Apr 16, 4:39PM CDT
Live cattle continued the rally on Tuesday with contracts closing $1.20 to $1.90 higher at the close. Still no deliveries have been scheduled against April futures as of Tuesday. Cash action has been quiet this week, with last week reported @ $182 in the South and Northern action at $293-295...
Cotton Resumes Collapse on Tuesday
BarchartTue Apr 16, 4:39PM CDT
The closing bell in the cotton market had futures down 51 to 251 points. The outside market had little impact, as WTI crude oil was up 17 cents, with the US dollar index up 187 points. Cotton planting in the two major cotton growing states is off to a slightly...
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