Alan Brugler
Corn Closes With Losses as Planting Window is Open
BarchartThu May 16, 5:04PM CDT
Corn futures closed Thursday trade, following similar action from Wednesday, fading the early session gains. Contracts closed with losses of 3 ½ to 5 ½ cents across the board, and leaving some not so bull friendly looking candlesticks. Weather through the weekend shows much of the WCB drier, with portions...
Soybeans Close Mixed Following Lackluster Export Sales Data
BarchartThu May 16, 5:04PM CDT
Soybeans faded off into the Thursday close, as contracts were up ½ 5o 2 ¾ cents in the front two months and down 1 to 3 ¾ cents in the tother contracts following uninspiring Export Sales data. Soymeal futures were $4 to $5.30/ton lower across most contracts. Soy Oil is...
Cattle Rally in Unison with Boxed Beef
BarchartThu May 16, 5:04PM CDT
Live cattle posted Thursday gains of a nickel to 92 cents, as boxed beef price continue to rally ahead of Memorial Day. Cash action has been quiet this week, with USDA reporting a few in the WCB at $186-190 on Thursday. The Central Stockyards Fed Cattle Exchange saw no bids...
Cotton Posts Thursday Strength
BarchartThu May 16, 5:04PM CDT
The cotton market was back up on Thursday to post gains of 83 to 105 points at the close. The outside market factors are a mixed bag, with crude oil up another 71 cents and the US dollar index back 193 points higher. USDA’s Export Sales report showed a 38.32%...
Wheat End the Thursday Session in the Red
BarchartThu May 16, 5:04PM CDT
The wheat complex found weakness again on Thursday, again quickly fading the early session gains. Chicago contracts were down 2 to 3 cents across most contracts. Kansas City futures closed with contracts steady to 1 ¾ cents lower. MPLS spring wheat was down 1 to 6 ¼ cents in most...
Hogs Pull Back from Highs, Still Close with Gains
BarchartThu May 16, 5:04PM CDT
Lean hogs faded off of some of the midday strength, but still found solid ground to post 5 to 87 cent higher trade. USDA’s National Average Base Hog negotiated price was up 60 cents on Thursday afternoon at 89.33. The CME Lean Hog Index was back up 47 cents on...
Corn Slips from Higher Early Trade Again on Thursday
BarchartThu May 16, 11:55AM CDT
Corn futures are hitting the copy/paste button on the Thursday trade, as future are again fading the early session gains. Midday losses are totaling 4 to 7 cents as a planting window is open of areas across the Corn Belt this weekend. Weather through the weekend shows much of the...
Hogs Rallying on Thursday
BarchartThu May 16, 11:55AM CDT
Lean hogs are posting a $1.02 to $1.45 rally in the front months on Thursday. USDA’s National Average Base Hog negotiated price was up 40 cents on Thursday AM at 89.36. The CME Lean Hog Index was back up 47 cents on May 14 at $91.76. Pork sales in the...
Wheat Pulling on Thursday
BarchartThu May 16, 11:55AM CDT
The wheat complex is heading lower at midday. They again quickly faded the early session gains today. Chicago contracts are down 5 to 8 cents across the front months. Kansas City futures are steady to 5 cents lower. MPLS spring wheat is trading with 3 to 6 cent losses. The...
Cattle Leading with Triple Digit Gains
BarchartThu May 16, 11:55AM CDT
Live cattle are trading the Thursday session with $1 to $1.20 gains across most contracts at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no bids or sales on the 1,352 head listed this morning, with asks in the $185-186 range. Very light...
Cotton Rallying Despite Weaker Export Sales Data
BarchartThu May 16, 11:55AM CDT
The cotton market is trading with 131 to 176 point gains on Thursday’s midday. The outside market factors are a mixed bag, with crude oil up another 48 cents and the US dollar index back 113 points higher. USDA’s Export Sales report showed a 38.32% wk/wk drop in old crop...
Soybeans Sticking Closer to Even Following Lackluster Export Sales Data
BarchartThu May 16, 11:55AM CDT
Soybeans are slipping lower on Thursday following dull Export Sales data. Contracts are steady to 4 cents lower in the nearbys, with July slightly higher. Soymeal futures are down $1.70 to $2.30/ton. Soy Oil is extending the bounce with 80 point gains. Weekly Export Sales data tallied soybean bookings at...
Corn Back to Higher Trade on Thursday AM
BarchartThu May 16, 7:34AM CDT
Corn is trading 1 to 2 cents higher ahead of this morning’s Export Sales report. Futures faded the early gains on Wednesday, with contracts closing anywhere from 2 1/4 to 5 cents lower after July futures failed to take out the early week high. A weaker dollar failed to impact...
Wheat Reverting Higher on Thursday Morning
BarchartThu May 16, 7:34AM CDT
The wheat complex is heading higher across all three exchanges this morning. They quickly faded from the early double digit gains as losses were reported across the three exchanges on Wednesday. Chicago contracts posted losses of 6 ¾ to 11 cents across the board. Kansas City futures were down 5...
Cattle Look to Thursday After Midweek Strength
BarchartThu May 16, 7:34AM CDT
Live cattle posted Wednesday gains of 7 to 40 cents across the board, following more boxed beef strength. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head listed on Wednesday morning, with bids of $181-181.25 and asks in the...