Alan Brugler
Wheat Pulling Off Midday Lows
BarchartWed Dec 4, 12:02PM CST
The wheat complex is trying to push back higher at midday of the Wednesday session. Chicago SRW futures are down 1 to 2 cents at the moment. There have yet to be any deliveries against December CBT wheat since FND. KC HRW contracts are down 1 to 2 cents in...
Hogs Falling Back on Wednesday
BarchartWed Dec 4, 12:02PM CST
Lean hog futures are trading with 62 cent to $1.50 losses at midday on Wednesday. The national average base hog negotiated price was reported at $88.40 on Wednesday morning, up $1.83 from the day prior. The CME Lean Hog Index was reported at $84.06 on December 2, down another 30...
Soybeans Slipping Lower but Off Early Lows
BarchartWed Dec 4, 12:02PM CST
Soybeans bouncing off the early midday lows on Wednesday, though contracts are still down 5 to 7 cents at midday. CmdtyView’s national front month Cash Bean price is back down 6 3/4 cents at $9.36. Soymeal futures are just 70 cents/ton higher. There were 5 deliveries issued against December bean...
Cattle Reverting Lower on Wednesday
BarchartWed Dec 4, 12:02PM CST
Live cattle futures are trading with Wednesday losses of 15 to 85 cents in most contracts. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed sales on one lot of the 1,322 head listed at 191 using the BidTheGrid™ method. Bids ranged from were $185-188 live. Outside of...
Cotton Pushing Back Higher at Midday
BarchartWed Dec 4, 12:02PM CST
Cotton futures are trading with 3 to 14 point gains at midday on Wednesday. The outside markets are mixed factors, with the US dollar index down 225 points and crude oil back 44 cents/barrel lower after creeping back above $70 earlier in the session. The Seam reported 3,500 bales of...
Marginal Losses Continuing for Corn
BarchartWed Dec 4, 12:02PM CST
Corn bulls continue to be in the bend don’t break mindset, with futures down another 1 to 2 cents at midday. There were 111 deliveries issued against December corn futures overnight to take the total since FND to 444. The national average Cash Corn price from CmdtyView was down 3/4...
Soybeans Back to Lower Trade on Wednesday AM
BarchartWed Dec 4, 7:33AM CST
Soybeans are trading with 5 to 6 cent losses so far on Wednesday morning. Futures backed off the early Tuesday highs, but contracts still managed to close with fractional to 6 ½ cent gains. CmdtyView’s national front month Cash Bean price was up 6 3/4 cents at $9.43 3/4. Soymeal...
Hogs Mixed on Tuesday
BarchartWed Dec 4, 7:33AM CST
Lean hog futures rounded out the Tuesday session with contracts withing 17 cents of unchanged. The national average base hog negotiated price was reported at $86.89 on Tuesday afternoon, up $2.92 from the day prior. The CME Lean Hog Index was reported at $84.36 on November 29, down another 85...
Cattle Rally Back on Tuesday
BarchartWed Dec 4, 7:33AM CST
Live cattle futures posted gains of 55 cents to $1.15 on the Tuesday session. Cash trade was reported last week with $188-190 sales in the South and $190-192 in the North. Early action this week has been mostly compiling showlists. Feeder cattle were up 95 cents to $2.45 across the...
Corn Falling to Start Midweek Trade
BarchartWed Dec 4, 7:33AM CST
Corn is showing 1 to 2 ½ cent losses so far on Wednesday AM trade. The corn market ended the Tuesday session with losses after a stronger overnight session. Contracts were down fractionally to 1 ¼ cents on the day. There were 111 deliveries issued against December corn futures overnight...
Cotton Slipping after Back-and-Forth Tuesday
BarchartWed Dec 4, 7:33AM CST
Cotton prices are down 17 to 21 points so far on Wednesday morning. Futures faced back and forth trade on Tuesday, as contracts closed with 6 to 22 point losses. The outside markets were supportive factors, with the US dollar index down 98 points and crude oil up $1.87/barrel. The...
Wheat Leaking Lower
BarchartWed Dec 4, 7:33AM CST
Wheat is showing losses as we kick off the Wednesday session, with contracts down 1 to 4 cents across the three markets. The wheat complex ended the Tuesday session with contracts mostly higher. Chicago SRW futures were the exception, fractionally mixed across the board. There have yet to be any...
Corn Closes with Tuesday Losses
BarchartTue Dec 3, 4:55PM CST
The corn market ended the Tuesday session with losses after a stronger overnight session. Contracts were down fractionally to 1 ¼ cents on the day. The national average Cash Corn price from cmdtyView was up ¼ cent at $4.05 1/2. A report on Tuesday initially indicated there wouldn’t be a...
Wheat Closes with Mostly Higher Trade
BarchartTue Dec 3, 4:55PM CST
The wheat complex ended the Tuesday session with contracts mostly higher. Chicago SRW futures were the exception, fractionally mixed across the board. KC HRW contracts were up 3/4 to 2 1/4 cents across the board. MPLS spring wheat was up 1 to 2 ½ cents, as Dec closed up 9...
Cattle Revert to Higher Tuesday Trade
BarchartTue Dec 3, 4:55PM CST
Live cattle futures posted gains of 55 cents to $1.15 on the Tuesday session. Cash trade was reported last week with $188-190 sales in the South and $190-192 in the North. Early action this week has been mostly compiling showlists. Feeder cattle were up 95 cents to $2.45 across the...