Alan Brugler
Soybeans with Double Digit Overnight Gains
Barchart1 hour ago
Soybeans are trading 6 to 11 cents higher to start your Friday. They got a boost from the meal value on Thursday, with bean contracts up 14 to 34 ¼ cents across the board. Flooding in southern Brazil was also a bullish input. Soymeal paved the way for the rally,...
Corn Breaking Higher on Friday
Barchart1 hour ago
Early Friday corn prices are 4 to 5 cents higher than they went home on Thursday. Futures ended Thursday with gains of 4 ½ to 9 cents across most contracts. Weakness in the US dollar has been helpful to the bulls. Some precip is expected to make its way across...
Cattle Look to Round Out Bumpy Week
Barchart1 hour ago
Live cattle shot higher following Wednesday’s late USDA H5N1 announcement, closing with $1.90 to $2.95 gains. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both would be an improvement on the week, but noted volume...
Wheat Resumes Rallying into Friday
Barchart1 hour ago
Overnight action in wheat has prices trading 5 to 12 cents higher this morning, with the winter wheat contracts leading the way. Wheat bulls held their ground on Thursday, with gains across all three exchanges. Kansas City futures were up 11 to 11 ½ cents across most contracts. Chicago contracts...
Cotton Showing Mixed Trade on Friday Morning
Barchart1 hour ago
Cotton prices are posting mixed trade to start the final trade session of the week, with July down 59 points and new crop steady to 6 cents higher. Futures continued to work lower as the recent drop in prices hasn’t seemed to attract much export business according to recent USDA...
Hogs Look to Friday Following Mixed Thursday Trade
Barchart1 hour ago
Lean hogs continue the mixed trade this week, as Thursday closed with contracts down 10 to 50 cents in the front months and later months up 5 to 77 cents. USDA’s National Average Base Hog negotiated price was down $0.24 from the day prior in the Thursday afternoon report at...
Soy Meal Leading Soy Complex Charge on Thursday
BarchartThu May 2, 5:01PM CDT
Soybeans got a boost from the meal value on Thursday, with contracts up 14 to 34 ¼ cents across the board. Soymeal paved the way for the rally, with $8 to $15.90/ton gains. Soy Oil closed mixed, with nearby down 2 to 5 points and deferred steady to 2 points...
Cotton
BarchartThu May 2, 5:01PM CDT
Cotton futures reverted to continued weakness as the recent drop in prices hasn’t seemed to attract much export business according to recent USDA data. Contracts were down 35 to 120 points on the day. This morning’s Export Sales report showed 97,408 RB of upland cotton sold in the week ending...
Corn Rallies into Close
BarchartThu May 2, 5:01PM CDT
Corn futures closed out the Thursday session with gains of 4 ½ to 9 cents across most contracts. Some precip is expected to make its way across the US over the next week, possibly putting a slow down to the so far (through last Sunday at least) rapid planting pace....
Cattle Hold Opening Strength to Close Higher on Thursday
BarchartThu May 2, 5:01PM CDT
Live cattle shot higher following Wednesday’s late USDA H5N1 announcement, closing with $1.90 to $2.95 gains. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both would be an improvement on the week, but noted volume...
Wheat Comes Back to Post Thursday Strength
BarchartThu May 2, 5:01PM CDT
Wheat bulls held their ground on Thursday, with gains across the three exchanges. Kansas City futures were up 11 to 11 ½ cents across most contracts. Chicago contracts were 3 to 5 ¼ cents higher at the close. MPLS spring wheat was 3 ¾ to 7 cents higher on the...
Hogs Mixed Around on Thursday
BarchartThu May 2, 5:01PM CDT
Lean hogs continue the mixed trade this week, as Thursday closed with contracts down 10 to 50 cents in the front months and other contracts up 5 to 77 cents. USDA’s National Average Base Hog negotiated price was down $0.24 from the day prior in the Thursday afternoon report at...
Corn Higher at Midday, Despite Unimpressive Export Sales Data
BarchartThu May 2, 12:07PM CDT
Corn futures are up 5 to 6 cents at midday, holding the overnight gains for the most part. There were 223 contracts put out against May futures delivery overnight, all stopped by ADMIS customers. The oldest long is now dated 2/28/24. The weekly Export Sales report showed 758,466 MT in...
Cattle Shoot Higher After USDA Confirms Negative H5N1 Meat Samples
BarchartThu May 2, 12:07PM CDT
Live cattle are posting midday gains of $2 to $3.40 following the USDA H5N1 announcement. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both would be an improvement on the week, but noted volume has...
Hogs Posting Mixed Thursday Action
BarchartThu May 2, 12:07PM CDT
Lean hogs are showing losses of 12 to 67 cents in the front months on Thursday, with gains in the deferreds. USDA’s National Average Base Hog negotiated price was down $1.63 from the day prior in the Thursday morning report at $89.43. The CME Lean Hog Index was back up...