Alan Brugler
Hogs Shooting Higher on Tuesday
BarchartTue Apr 23, 11:59AM CDT
Lean hogs are posting $1.25 to $2.15 gains on Tuesday. USDA’s National Average Base Hog negotiated price was up 70 cents from the Monday afternoon print, at $91.01 on Tuesday morning. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
Cattle Reversing Action on Turnaround Tuesday
BarchartTue Apr 23, 11:59AM CDT
Live cattle are back down $1 to $1.32 on Tuesday’s midday. Cash action was negligible on Monday, with showlists being compiled. 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 showing...
Wheat Extending Strength on Deteriorating Crop Conditions
BarchartTue Apr 23, 11:59AM CDT
The wheat market is continuing the push higher at midday. Chicago contracts are 7 to 10 cents higher so far. Kansas City is trading 8 to 9 ½ cents in the green. MPLS is bringing up the rear, but still with 5 to 7 ¼ cent gains. After the close,...
Cotton Pushing Back Lower at Midday
BarchartTue Apr 23, 11:59AM CDT
The cotton market showing losses on Turnaround Tuesday, to continue the slide with 25 to 131 point losses. They are shrugging off outside market strength, with crude oil up $1.02 at midday and the US dollar index down 358 points. The US cotton crop was 11% planted as of April...
Soybeans Slightly Higher on Tuesday
BarchartTue Apr 23, 11:59AM CDT
Soybean futures are up anywhere from fractionally in the new crop months to 4 cents in the nearbys at midday. Soymeal is down 20 cents to $1 so far, with Soy Oil showing 28 to 30 point gains. Soybean planting is off to a decent start, with NASS reporting 8%...
Corn Turning Overnight Weakness to Midday Strength
BarchartTue Apr 23, 11:59AM CDT
Corn futures are pushing higher across the front months on Tuesday. Contracts are up 1 to 3 cents so far, extending the Monday strength. Monday afternoon’s Crop Progress report showed planting progressing to 12% completed as of 4/21, 2% faster than the 5-year average pace and matching last year. Many...
Cattle Look to Tuesday Trade After CoF Dust Settles
BarchartTue Apr 23, 7:30AM CDT
Live cattle ended Monday with contracts up $2.35 to $3.20 in reaction to a friendly USDA Cattle on Feed report. Cash action was negligible on Monday, but had picked up on Friday, with some $183-184 live and $292 dressed action reported in the North, steady to down $1 from the...
Corn Slightly Lower To Start Tuesday
BarchartTue Apr 23, 7:30AM CDT
Corn is showing fractional to 1 ½ cent losses to start your Tuesday. Futures were up 3 to 6 ¾ cents on a combination of factors including damage to the Pivdennyi port facilities in Ukraine, and strong export inspections because Brazilian shipments will be limited between now and winter crop...
Soybeans Pulling Back to Start Tuesday Trade
BarchartTue Apr 23, 7:30AM CDT
Overnight trade in the bean market has futures 2 to 3 cents lower Soybeans were up 8 ½ to 11 ¾ at the close on Monday. Soymeal was up 60 cents to $2.10 on the day to support beans via higher product values. The real support was from Soy Oil...
Wheat Extending Higher Following Weaker Conditions
BarchartTue Apr 23, 7:30AM CDT
The wheat market is trading higher across all three exchanges this morning. They led the grain rally on Monday. Chicago contracts were up 10 to 21 cents across the board. Kansas City futures were 16 ¼ to 20 ¼ cents higher on the day. MPLS spring wheat posted lighter gains,...
Hogs Looks to Tuesday Session
BarchartTue Apr 23, 7:30AM CDT
Lean hogs eked out some gains on Monday, with contracts steady to $1.20 higher across the board. USDA’s National Average Base Hog negotiated price was up $1.82 in the Monday afternoon print, at $90.31. The CME Lean Hog Index was back down 11 cents higher at $91.35 on April 18....
Cotton Leaking Lower
BarchartTue Apr 23, 7:30AM CDT
The cotton market is down 11 to 28 points in early Tuesday trade. Cotton saw a bit of a dead cat bounce on Monday, as contracts were up 29 to 140 points after reaching new multi-month lows last week. The US cotton crop was 11% planted as of April 21...
Cotton Post Monday Strength
BarchartMon Apr 22, 5:03PM CDT
The cotton market saw some recovery from the drop off the February highs, as contracts were up 29 to 140 points on Monday. The US cotton crop is now 11% planted as of April 21 according to the NASS Crop Progress report from this afternoon. That matches both the 5-year...
Cattle Rally After Digesting USDA Data
BarchartMon Apr 22, 5:03PM CDT
Live cattle closed Monday with contracts up $2.35 to $3.20 in fallout from friendly the USDA Cattle on Feed report. Cash action picked up on Friday, with some $183-184 live and $292 dressed action reported in the North, steady to down $1 from the previous week. Southern trade was steady,...
Soybeans Slip From Highs, Still Post Double Digit Gains
BarchartMon Apr 22, 5:03PM CDT
Soybeans closed the week’s opening session with contracts 8 ½ to 11 ¾ at the closing bell. Soymeal was up 60 cents to $2.10 on the day to help with product support. The real support was from Soy Oil , which saw contracts up 65 to 72 points at the...