Alan Brugler
Corn Down on Tuesday Morning
Barchart54 minutes ago
Overnight trade has corn showing fractional to 2 cent losses this morning. Corn futures ended the Monday session fractionally to 1 ¼ cents lower across most contracts. Tuesday is first notice data for May corn futures, with no deliveries issued. The CME is reducing corn’s daily price limits by a...
Wheat Extends Pullback to Tuesday Morning
Barchart54 minutes ago
The wheat market is showing weakness again on Tuesday after a round of overnight trade. Futures backed off in the winter wheat contracts to start off the week. Chicago contracts were down 4 ½ to 13 ¾ cents on the session. Kansas City was down 1 ¼ to 3 ¾...
Hogs Shift Focus to Tuesday Trade
Barchart54 minutes ago
Lean hogs were mixed as the trade ended on Monday, with front months steady to 50 cents lower and back months down 22 to 47 cents. USDA’s National Average Base Hog negotiated price was down 75 cents in the Monday PM report at $89.63. The CME Lean Hog Index was...
Cattle Look to Rebound Following Monday’s Losses
Barchart54 minutes ago
Cattle futures were mostly down 30 cents to $1.42 on Monday with April up 72 cents ahead of expiration today. Cash trade last week was $182-183 in the South, steady to $1 higher. Northern trade was reported at $184-186, steady to $2 higher on the week, with a few trickling...
Cotton Falling on Turnaround Tuesday
Barchart54 minutes ago
Cotton futures are trading 133 to 271 points lower this morning. They were up 38 to 94 points on Monday. Active December is leading the way, up 94 points. The outside markets were mixed, with Crude Oil down $1.04 per barrel, with the US dollar index down 279 points and...
Soybeans Slip Lower Following Rapid Planting Pace
Barchart54 minutes ago
Soybeans are posting 2 to 3 cent lower trade following the overnight session. They closed with contracts 1 ¼ to 4 ¾ cents higher on the Monday session despite showing double digit gains earlier in the day. Soybean futures price limits are going to trimmed by a dime to 85...
Chicago Leads Wheat Pullback
BarchartMon Apr 29, 5:24PM CDT
Wheat futures backed off in the winter wheat contracts to start off the week. Chicago contracts were down 4 ½ to 13 ¾ cents on the session. Kansas City was down 1 ¼ to 3 ¾ cents across most contracts. MPLS was holding up, with contracts 2 ¾ cents to...
Cattle Pull Back on More H5N1 News
BarchartMon Apr 29, 5:24PM CDT
Cattle futures were down 30 cents to $1.42 on Monday with April up 72 cents ahead of tomorrow’s expiration. Cash trade last week was 182-183 in the South, steady to $1 higher. Northern trade was reported at $184-186, steady to $2 higher on the week, with a few trickling in...
Hogs Close Monday Mixed
BarchartMon Apr 29, 5:24PM CDT
Lean hogs were mixed as the trade commenced on Monday, with front months up steady to 50 cents lower and back months down 22 to 47 cents. USDA’s National Average Base Hog negotiated price was down 75 cents in the Monday PM report at $89.63. The CME Lean Hog Index...
Cotton Bouncing on Monday
BarchartMon Apr 29, 5:24PM CDT
Cotton futures were up 38 to 94 points on Monday. Active December is leading the way up 94 points. The outside markets were mixed, with Crude Oil down $1.04 per barrel, with the US dollar index down 279 points, adding a little support. Weekly Crop Progress data indicated 15% of...
Soybeans Pull From High, Still Hold Gains
BarchartMon Apr 29, 5:24PM CDT
Soybeans closed with contracts 1 ¼ to 4 ¾ cents higher on the Monday session despite showing double digit gains earlier in the day. Soymeal was in rally mode, as contracts were up $6.40 to $9.60/ton. Soy Oil is crept lower, with contracts down 88 to 117 points. A Wynnewood,...
Corn Leaks Lower into Close, USDA Reports Rapid Planting Pace
BarchartMon Apr 29, 5:24PM CDT
Corn futures ended the Monday session with contracts fractionally to 1 ¼ cents lower across most contracts. Tuesday is first notice data for May corn futures. Export Inspections data from FGIS showed 1.23 MMT of corn shipped in the week of April 25, a 26.21% drop from the previous week...
Hogs Mixed at Midday
BarchartMon Apr 29, 11:59AM CDT
Lean hogs are mixed on Monday, with contracts anywhere from 67 cents lower to 15 cents higher. USDA’s National Average Base Hog negotiated price was not reported this morning due to light volume, with the 5-day rolling average at $90.45. The CME Lean Hog Index was back down 55 cents...
Cotton Bouncing at Midday
BarchartMon Apr 29, 11:59AM CDT
Cotton futures are up 59 to 86 points so far at Monday’s midday. Active December is leading the way up 86 points. The outside markets were mixed, with Crude Oil down 77 cents per barrel, with the US dollar index down 449 points, adding a little support. CFTC data released...
Corn Showing Fractional Trade at Midday
BarchartMon Apr 29, 11:59AM CDT
Corn futures are showing fractional losses so far on Monday. Preliminary open interest dropped a sharp 39,164 contracts. That was to be expected given the expiration of the May options (OI there declined 57,778 contracts). Export Inspections data from FGIS showed 1.23 MMT of corn shipped in the week of...