Alan Brugler
Cattle Close Up by Triple Digits
BarchartMon Mar 18, 5:23PM CDT
The cattle futures market finished the day with $1.32 to $1.80 gains across the nearby contracts. Feeders were $1.92 to $3.12 higher leading the way. USDA reported cash trades for the week from $185 to $190, though the bulk of business took place on Friday with $186 sales for the...
Corn Closed Firm for Monday
BarchartMon Mar 18, 5:23PM CDT
The corn market initially tried for gains to start the week though faded back to close UNCH to fractionally lower. The weekly Export Inspections data showed 1.24 MMT of corn was shipped during the week that ended 3/14. That was up from 1.17 MMT the week prior and was slightly...
Beans Fade Out of Weekend
BarchartMon Mar 18, 5:23PM CDT
Soybean futures were 8 ¼ to 10 ½ cents weaker across the front months to start the week. July held above the $12 mark for the close, while May spiked over the $12 mark at the high. Soymeal futures were $2.40 to $2.80 lower on the day. Front month Soy...
Cotton Off Highs, Still Higher on Monday
BarchartMon Mar 18, 5:23PM CDT
The May cotton futures were 163 points off their 226 point gain for the close, though the nearby contracts were still 1 to 67 points higher at the close. The Cotlook A Index for was down by 135 points to 98.45 on 3/15. USDA’s weekly Cotton Market Review showed 11,320...
Wheats End Off Highs But Hold Gains
BarchartMon Mar 18, 5:23PM CDT
The front month wheat market contracts rallied out of the weekend. Chicago prices ended the day 1 ¼ cents off the session high and 12 to 14 ¼ cents in the black. KC closed 7 ½ to 8 ¼ cents in the black for Monday. MGE was 4 ¼ to...
Monday Gains for Lean Hogs
BarchartMon Mar 18, 5:23PM CDT
Front month hog prices were mostly higher, though April was a dime weaker. The back months were 25 to 80 cents higher for the close. USDA’s National Average Base Hog price was 28 cents weaker to $79.66. The CME Lean Hog Index for 3/14 was $82.34, up by 25 cents....
Midday Gains for Monday Corn Market
BarchartMon Mar 18, 12:04PM CDT
Corn futures are working fractionally to 1 ¼ cents in the black so far starting the week. The May contract was up by 3 ¾ cents earlier in the session for a 6 ½ cent trading rangeCME reported OI dropped in the old crop futures for a net -12.5k contracts...
Cotton Holding Firm at Midday
BarchartMon Mar 18, 12:04PM CDT
Cotton futures attempted to rally out of the weekend early on Monday, though futures have backed off from their 226 point gains. Current prices are still up by 14 to 58 points at midday. The Cotlook A Index for was down by 135 points to 98.45 on 3/15. USDA’s weekly...
Triple Digit Cattle Gains for Monday
BarchartMon Mar 18, 12:04PM CDT
So far through Monday’s midday the nearby cattle futures market is up by as much as $1.15. April is ~20c off the session high. Feeder cattle futures are currently 0.6% to 0.9% higher with triple digit gains of as much as $2.35. USDA reported cash trades for the week from...
Beans Fading through Monday
BarchartMon Mar 18, 12:04PM CDT
Soybeans are ~5 cents off their lows at midday but still 2 to 7 cents in the red. The May contract was above the $12 mark at the session’s high for an 18c trading range so far starting the week. Soymeal futures are off their lows for midday but still...
Wheat Rallying Double Digits through Midday
BarchartMon Mar 18, 12:04PM CDT
Front month wheat prices are trading near their highs at midday with double digit gains. Chicago futures are currently 12 ½ to 13 ¾ cents higher so far. KC wheat prices are working 10 ¾ to 11 ½ cents in the black. MGE futures are up by as much as...
Red Midday for Monday Hog Trade
BarchartMon Mar 18, 12:04PM CDT
Lean hog futures have a $1 range on the day with time spent on both sides. Current quotes are mixed but mostly lower within 32 cents of UNCH. USDA’s National Average Base Hog price dropped by $1.82 this morning to $78.92. The CME Lean Hog Index was 17c stronger for...
Soy Futures Backing Off in AM
BarchartMon Mar 18, 7:10AM CDT
Soy prices are currently trading 5 to 9 cents weaker in the beans, $1.80/ton lower in the meal and 30 points lower in the oil to start the new week of trading. Soy oil led the rally into the weekend with another triple digit session on Friday. Strong palm oil...
Wheat Recover Underway for Monday
BarchartMon Mar 18, 7:10AM CDT
Wheat prices are back up by 3 to 8 cents across the U.S. markets this morning. The Friday wheat market ended with prices off their lows but still 1 to 8 ¾ cents in the red. Chicago was the firmest on the day, ended down by 1 to 3 ¾...
Morning Cotton Up Triple Digits
BarchartMon Mar 18, 7:10AM CDT
Cotton prices are starting out the new week with triple digit gains so far for old crop. The May contract was up by 226 points earlier overnight. Nearby cotton futures settled 24 to 46 points in the black on Friday. May futures had a net 134 point loss for the...