Alan Brugler
Hogs Rallying on Tuesday
BarchartTue Oct 29, 12:04PM CDT
Lean hog futures are showing 52 cent to $2.325 higher trade on Tuesday, led by December. The national average base hog price was not reported again on Tuesday morning due to light volume, with the 5-day rolling average at $74.79. Monday saw some sharp strength. The CME Lean Hog Index...
Cattle Heading Lower on Tuesday
BarchartTue Oct 29, 12:04PM CDT
Live cattle futures are shifting to lower trade on Tuesday’s midday, with losses of 80 cents tot $1.025. Cash trade last week improved ~$2 from the previous week, with Southern sales tallied at $190-191 and the Northern trade coming in at $190-192. So far this week action has mainly been...
Cotton Higher So Far on Tuesday
BarchartTue Oct 29, 12:04PM CDT
Cotton futures are posting 40 to 48 point gains in the nearbys so far on Tuesday. The outside markets are pressure factors, with crude oil slipping 12 cents/barrel and the US dollar index 157 points higher. Crop Progress data tallied 97% of the US cotton crop setting bolls, with harvest...
Corn Getting a Turnaround Tuesday Bounce
BarchartTue Oct 29, 12:04PM CDT
Corn futures are trading with 2 to 3 ½ cent gains at midday on Tuesday. The national average Cash Corn price from cmdtyView is up 3 1/2 cents at $3.82 3/4 per bu. Weekly Crop Progress data showed 81% of the US corn crop was harvested as of October 27,...
Wheat Rallying on Weaker Than Expected Condition Ratings
BarchartTue Oct 29, 12:04PM CDT
The wheat complex is seeing some recovered strength across all three exchanges so far on Tuesday. Chicago SRW futures are up 12 to 14 cents on the day. KC HRW contracts are showing gains of 15 to 16 cents. MPLS spring wheat is also posting 15 to 16 gains across...
Soybeans Falling at Tuesday’s Midday
BarchartTue Oct 29, 12:04PM CDT
Soybeans are facing some continued weakness on Tuesday, with contracts steady to 4 cents lower so far on the day. CmdtyView’s national front month Cash Bean price is down 2 1/4 cents at $9.16. Soymeal futures are down $3/ton in the nearby Dec on the day. Soy Oil is seeing...
Wheat Mostly Higher in Tuesday AM Trade
BarchartTue Oct 29, 7:36AM CDT
Futures are starting Tuesday with gains across the three markets. The wheat complex was lower across all three exchanges at the Monday close. Chicago SRW futures were down 4 ½ to 10 ¼ cents on the day. KC HRW contracts closed the session with losses of 8 ¼ to 10...
Cotton Turning Higher to Begin Tuesday Trade
BarchartTue Oct 29, 7:36AM CDT
Cotton prices are trading with 44 to 52 point gains on Tuesday morning. Futures closed out the Monday session with contracts 5 to 32 points in the red. The outside markets were a pressure factors, with crude oil falling $3.81/barrel after Israel’s strikes on Iran were limited over the weekend....
Soybeans Trying to Lean into Turnaround Tuesday
BarchartTue Oct 29, 7:36AM CDT
Soybeans are showing 1 to 2 cent gains to kick off Tuesday trade. They fell into the Monday close, as contracts were down 10 ¼ to 13 ¾ cents across the board. Preliminary open interest showed net new selling across most contracts, with all but the Nov up 18,041 contracts....
Hog Bulls Gain Ground on Monday
BarchartTue Oct 29, 7:36AM CDT
Lean hog futures posted Monday gains of 7 to 95 cents across the board as pork stocks were tallied at a 14-year low for September. The national average base hog price was reported at $80.95 on Monday afternoon, up $5.29 from the previous day. The CME Lean Hog Index was...
Corn Sneaking Higher on Tuesday AM
BarchartTue Oct 29, 7:36AM CDT
Corn prices are showing fractional gains across the front months so far on Tuesday morning. Futures closed out the Monday session with contracts heading down ½ to 4 ½ cents across the board, led by the nearbys. Preliminary open interest saw net new selling across most contracts, with exception to...
Cattle See Strength on Monday
BarchartTue Oct 29, 7:36AM CDT
Live cattle futures closed out Monday with contracts 12 to 47 cents in the green. Cash trade last week improved ~$2 from the previous week, with Southern sales tallied at $190-191 and the Northern trade coming in at $190-192. Feeder cattle futures settled the Monday session with contracts up 15...
Wheat Posts Monday Losses
BarchartMon Oct 28, 4:56PM CDT
The wheat complex was lower across all three exchanges at the Monday close. Chicago SRW futures were down 4 ½ to 10 ¼ cents on the day. KC HRW contracts closed the session with losses of 8 ¼ to 10 ¾ cents. MPLS spring wheat posted losses of 6 to...
Cattle Close with Gains on Monday
BarchartMon Oct 28, 4:56PM CDT
Live cattle futures closed out Monday with contracts 12 to 47 cents in the green. Cash trade last week improved ~$2 from the previous week, with Southern sales tallied at $190-191 and the Northern trade coming in at $190-192. Feeder cattle futures settled the Monday session with contracts up 15...
Soybeans Fall on Bean Oil Pressure
BarchartMon Oct 28, 4:56PM CDT
Soybeans fell into the Monday close, as contracts were down 10 ¼ to 13 ¾ cents across the board. CmdtyView’s national front month Cash Bean price was down 13 1/4 cents at $9.19. Soymeal futures were down 90 cents to $1.70/ton on the day. Soy Oil got some pressure from...