Alan Brugler
Hogs Firmed Up for Wednesday
Barchart44 minutes ago
Nearby lean hog prices were 12 to 62 cents higher across the front months, leaving June with a $1.90 weekly gain into the quarterly Hogs and Pigs report. USDA’s National Average Afternoon Base Hog price was $1.37 weaker to $79.26. The CME Lean Hog Index was $83.69 for 3/25, back...
Beans Weaker into Report Day
Barchart44 minutes ago
Current soybean prices are 4 to 3 ¾ cents lower ahead of the weekly Export Sales report and the USDA Grain Stocks and Planting Intentions reports scheduled for 11 AM CDT. Soy Oil futures closed more than 70 points weaker with 1.5% losses. Beans were down by 4 ¾ to...
Wheat Mixed After Tight Overnight Trade
Barchart44 minutes ago
Wheat prices are fractionally mixed ahead of the USDA data releases. Overnight the May SRW contract kept to a fairly tight 5 cent range, from +2 ¾ to -2 ¼ cents. KC wheat futures ended the day mixed within 1 ¾ cents of UNCH. The soft red winter wheat futures...
Cash Cattle Prices Down, with Light Activity
Barchart44 minutes ago
Midweek trading was initially lower, extending Tuesday losses, but futures firmed up to end the day in the black. Fat cattle were 20 to 50 cents higher at the Wednesday close, and feeders were up by as much as $1.42. USDA confirmed some light cash trade on Wednesday mostly near...
Cotton Firms into USDA Reports
Barchart44 minutes ago
Cotton futures are trading mixed in new crop but 50 to 60 points higher in old crop ahead of the weekly USDA Export Sales report and the Planting Intentions report. Futures were down sharply on Wednesday on some pre-holiday profit taking. The old crop contracts sank more than 2 pennies...
Corn Mostly UNCH this Morning
Barchart44 minutes ago
Corn futures traded from -¾ to +1 cent overnight, and are back to mostly UNCH +/- ¼ this morning for the weekly Export Sales report. The USDA Grain Stocks and Planting Intentions reports scheduled for 11 AM CDT. Nearby corn prices closed 5 ¾ cents lower on Wednesday, leaving the...
Corn Falls ahead of Report Day
BarchartWed Mar 27, 6:14PM CDT
Nearby corn prices were 5 ¾ cents lower at the close on Wednesday, leaving the board 12 cents in the red for the week’s move. Open interest continues to rise ahead of Thursday’s reports, up 2,573 contracts on Tuesday’s lower market. EIA reported ethanol output averaged 1.054 million barrels per...
Soy Futures Fade into Thursday
BarchartWed Mar 27, 6:14PM CDT
Front month soy futures were weaker on Wednesday led by the soy oil futures. Soy Oil futures closed more than 70 points weaker with 1.5% losses. Beans were down by 4 ¾ to 7 ½ cents across the front months on Wednesday. Soymeal futures closed the day off the session...
Hogs Firmed Up for Wednesday
BarchartWed Mar 27, 6:14PM CDT
Nearby lean hog prices were 12 to 62 cents higher across the front months, leaving June with a $1.90 weekly gain into the quarterly Hogs and Pigs report. USDA’s National Average Afternoon Base Hog price was $1.37 weaker to $79.26. The CME Lean Hog Index was $83.69 for 3/25, back...
Cotton Closes Near Lows with 2 Cent Losses
BarchartWed Mar 27, 6:14PM CDT
The old crop market faded by more than 2 pennies per pound on Wednesday, though the new crop futures firmed up off their session lows for the bell. New crop prices were still 82 to 96 points in the red, though Dec was 33 points off the low. The Seam...
Cattle Finish Higher on Wednesday
BarchartWed Mar 27, 6:14PM CDT
Midweek trading initially pushed the cattle market further lower, but futures firmed up to end the day in the black. Fat cattle were 20 to 50 cents higher at the bell, and feeders were up by as much as $1.42. USDA confirmed some light cash trade on Wednesday mostly near...
Wheat Closed Mixed on Wednesday
BarchartWed Mar 27, 6:14PM CDT
KC wheat futures ended the day mixed within 1 ¾ cents of UNCH. The soft red winter wheat futures were 2 ½ to 4 cents higher and hard red spring wheat was 3 ¾ cents higher on the day. May SRW is sitting with a 7 ¼ cent loss for...
Hog Market Firm for Wednesday’s Midday
BarchartWed Mar 27, 11:42AM CDT
Lean hogs were initially gaining for Wednesday, though prices faded back into midday. Futures are still 27 to 57 cents in the black. USDA’s National Average Base Hog price was $1 weaker to $80.02 this morning. The CME Lean Hog Index was $83.48 after an 11 cent drop. USDA will...
Beans Off Lows, Still Red at Midday
BarchartWed Mar 27, 11:42AM CDT
The midday soy market is trading mostly lower, though meal is off the lows and in the black. Soybean futures are still down by 3 ¼ to 5 ½ cents, though futures have recovered a nickel from their session lows. Futures gapped lower at the overnight open. Midday Soymeal futures...
Wheat Mixed Mostly Higher for Wednesday’s Midday
BarchartWed Mar 27, 11:42AM CDT
The wheat board is showing gains for Chicago and Minneapolis at midday. Futures initially were pushing lower for Wednesday, but SRW is trading 7 cents off the lows for fractional to 1 ¾ cent gains. KC Wheat is mixed within 2c of UNCH across the front month contracts. MGE wheat...