Alan Brugler
Wheat Sitting at 2-Month Highs
Barchart36 minutes ago
The wheat complex is continuing to rally at midday, nearing the highest prices since February. Kansas City continues to lead the charge, with gains of 13 to 17 cents. Chicago contracts are up 10 to 13 cents on the session. MPLS spring wheat is 5 to 10 ¼ cents higher....
Cotton Leaking Lower with Outside Market Pressure
Barchart36 minutes ago
Cotton futures are down 24 to 40 points at midday, with May up 18 on thin trade. The outside market influences are putting pressure on the market at midday, with crude oil down 47 cents/barrel and the UD dollar index up 230 points. ICE certified cotton stocks were up another...
Corn Turns Lower Following Drop to Ethanol Production
Barchart36 minutes ago
Corn futures are pulling back in the front months on Wednesday, with losses of 1 to 2 cents. New Crop December is up ½ cent at midday. EIA’s weekly petroleum report tallied ethanol production at 954,000 barrels per day in the week that ended on April 19. That was a...
Hogs Mixed on the Midweek Session
Barchart36 minutes ago
Lean hogs are mixed on Wednesday, with losses of 30 to 85 cents in the front months and a couple fall contracts 10 to 22 cents higher. USDA’s National Average Base Hog negotiated price was up 29 cents on Wednesday morning, at $91.30. The CME Lean Hog Index was up...
Soybeans Retreating from Highs at Midday
Barchart36 minutes ago
Soybeans prices are showing 3 to 5 cent gains in the nearbys on Wednesday. Soymeal is posting strength to lead the complex higher, up $4.80 to $5.20/ton, with Soy Oil back down 59 to 63 points. USDA did issue a corrected report to the flash sale announcement from last week,...
Cattle Posting Midday Losses Amid More BIAV Fallout
Barchart36 minutes ago
Live cattle are slipping lower on Wednesday, with midday losses of $1.37 to $2.30. Cash action has been negligible thus far. Last week’s trade was $183-184 live and $292 dressed in the North, steady to down $1 from the previous week. Southern trade was steady, at $182. Feeders are down...
Hogs Bulls Switch Focus to Wednesday
BarchartWed Apr 24, 7:31AM CDT
Lean hogs saw gains of $1.20 to $2.45 on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.54 cents from the Monday afternoon print, at $91.85 on Tuesday afternoon. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
Wheat Mixed on Wednesday Morning
BarchartWed Apr 24, 7:31AM CDT
The wheat futures complex is mixed this morning, with KC leading higher, CBT heading lower, and MPLS unch. They continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the...
Cattle Take Foot Off the Gas, Closed Mixed on Tuesday
BarchartWed Apr 24, 7:31AM CDT
Live cattle were higher early in the Tuesday session but bulls felt queasy by midday. Futures closed down 12 to 90 cents in the nearbys and 32 cents to $1.12 higher out in the 2025 contracts. Cash action has been negligible thus far. Last week’s trade was $183-184 live and...
Soybeans Higher Following Overnight Trade
BarchartWed Apr 24, 7:31AM CDT
Soybeans are up 1 ½ to 3 cents after a round of overnight back and forth trade. Futures posted gains of as little as a fraction to as much as 6 ¼ cents on Tuesday. Soymeal turned around on midday weakness to close with contracts up 90 cents to $1.40/ton,...
Corn Prices Green to Start Wednesday
BarchartWed Apr 24, 7:31AM CDT
Corn is trading ½ cent to a penny higher early on Wednesday. The Tuesday action in the corn market saw futures close mixed with 2023 and 2024 crop up 1 ¼ to 3 ¼ cents Contracts for the ’25 crop and beyond were fractionally to 1 ¾ cents lower. Monday...
Cotton Showing Mixed Trade
BarchartWed Apr 24, 7:31AM CDT
Overnight action in the cotton market has futures mixed again with front months up 8 to 18 points and other contracts down 2 to 35 points. They reversed some of Tuesday’s early intraday weakness, with contracts closing 18 to 70 points lower and 50-100 points off their lows. May was...
Hogs Bulls Push Higher on Tuesday
BarchartTue Apr 23, 4:50PM CDT
Lean hogs saw gains of $1.20 to $2.45 on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.54 cents from the Monday afternoon print, at $91.85 on Tuesday afternoon. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
Wheat Leads Bull Charge For Second Day In a Row
BarchartTue Apr 23, 4:50PM CDT
The wheat complex continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the close. MPLS was 6 ¼ to 10 ¾ cents higher across most contracts. NASS reported condition...
Soybeans Post Gains with Planting Delays Expected Later This Week
BarchartTue Apr 23, 4:50PM CDT
Soybean futures posted gains of as little as fractionally to as much as 6 ¼ cents on Tuesday. Soymeal turned around on midday weakness to close with contracts up 90 cents to $1.40/ton, with Soy Oil rallying 15 to 24 points. Soybean planting is off to a decent start, with...