Alan Brugler
Corn Rallies Out of Reports
Barchart32 minutes ago
Corn futures shot higher after NASS released data near midday. Current prices are working at or near their highs for the day with double digit gains of as much as 17 ¼ cents. NASS data showed corn stocks were counted at 8.347 bbu as pf March 1st, including 5.079 bbu...
Beans Back to Mixed for Midday
Barchart32 minutes ago
Soybeans were fading into the reports, before rallying out of the release. Current quotes are back to mixed as the new crop futures are holding fractional to 4 cent gains and old crop prices are back to 2 cents in the red. Midday Soymeal futures are trading $2 in the...
Wheat Futures Up Double Digits
Barchart32 minutes ago
Midday wheat futures are gaining double digits for midday, with prices ~5 cents off their highs. Chicago is up by as much as 2.9% for midday. KC wheat is gaining 8 to 11 cents so far. Spring wheat futures were slow to join the rally with futures near their highs...
Cotton Mostly Higher with Low Acreage Reported
Barchart32 minutes ago
Cotton futures are 70 points off their session highs into midday, following a strong surge out of the NASS data. New crop futures are also up by 21 to 43 points for midday. FAS data showed cotton bookings were 98.2k RBs for the week that ended 3/21. That was up...
Cattle Mostly Higher so far
Barchart32 minutes ago
Live cattle futures are trading with midday gains of as much as $1.80 across the front months. Feeders are also in the black with gains of as much as 80 cents. USDA confirmed some light cash trade on Wednesday mostly near $185, or $3 below last week. The 3/26 CME...
Hogs Pushing Upside into NASS Data
Barchart32 minutes ago
Lean hog futures are trading near to 70 cents under the session high for midday wit 40 to 8- cent gains on the board. 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 up by 21 cents....
Hogs Firmed Up for Wednesday
BarchartThu Mar 28, 7:15AM 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...
Beans Weaker into Report Day
BarchartThu Mar 28, 7:15AM CDT
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
BarchartThu Mar 28, 7:15AM CDT
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
BarchartThu Mar 28, 7:15AM CDT
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
BarchartThu Mar 28, 7:15AM CDT
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
BarchartThu Mar 28, 7:15AM CDT
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...