Alan Brugler
Cotton Steady to Begin the Week
Barchart1 hour ago
The cotton market is hovering close to unch on Monday morning. Futures closed with losses of 55 to 133 points across most contracts on Friday, despite USDA calling for a tighter carryout on old crop. The Friday afternoon Commitment of Traders report showed spec adding 11,765 contracts to their new...
Cattle Traders Look to Fresh Week with Weaker Beef on the Mind
Barchart1 hour ago
Cattle saw initial weakness on Friday, but LC contracts closed with gains of 20 to 55 cents. Cash was mixed around this week, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders were mixed at the close with strength in corn pressuring things as futures...
Hogs Shift Focus to Monday
Barchart1 hour ago
Lean hogs saw gains of 20 to 87 cents across most contracts on Friday, with May down 25 cents and sticking close to the index ahead of next week’s expiration. USDA’s National Average Base Hog negotiated price was down 94 cents in the Friday PM report at $88.41. The CME...
Wheat Extending Highs to Start New Week
Barchart1 hour ago
The wheat complex is trading with contracts in the green to start the new week. They saw stronger trade on Friday, with assistance from some bull friendly USDA numbers. Chicago contracts were up 18 ¼ to 26 cents across most active contracts. Kansas City futures were up 12 ¾ to...
Soybeans Lower to Start Week
Barchart1 hour ago
Soybean prices on Monday morning are 3 to 5 cents in the red Futures headed higher into the weekend, as contracts were up anywhere from 1 ¾ to 12 ¼ cents across the board. Soymeal futures were down $1-$2.40/ton. Soy Oil was in rally mode to end the week, with...
CornCorn Slipping Back Lower on Monday Morning
Barchart1 hour ago
Corn futures are trading with fractional to 1 ½ cent losses so far this morning. They posted gains of 4 ¼ to 13 ¼ cents on the Friday session. Futures closed out the day near the highs, following the release of some bull friendly USDA data. In the Friday afternoon...
Live Cattle Turn Around to Close Friday Higher
BarchartFri May 10, 4:40PM CDT
Live cattle saw initial weakness on Friday, as contracts closed with gains of 20 to 55 cents. Cash was mixed around this week, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders were on a mixed note at the close with strength in corn pressuring...
Cotton Heads Lower to Round Out the Week
BarchartFri May 10, 4:40PM CDT
The cotton market closed with losses of 55 to 133 points across most contracts on Friday, despite USDA calling for a tighter carryout on old crop. The Friday afternoon Commitment of Traders report showed spec adding 11,765 contracts to their new net short position as of 5/7 at 13,699 contracts....
Wheat Bulls Punch Higher on Friday as Chicago Hits 5 Month High
BarchartFri May 10, 4:40PM CDT
The wheat complex saw stronger trade on Friday, with assistance from some bull friendly USDA numbers. Chicago contracts were up 18 ¼ to 26 cents across most active contracts. Kansas City futures were up 12 ¾ to 21 ½ cents across the board to round out the week. MPLS spring...
Hogs Push Higher on Friday
BarchartFri May 10, 4:40PM CDT
Lean hogs saw gains of 20 to 87 cents across most contracts on Friday, with May down 25 cents and sticking close to the index ahead of next week’s expiration. USDA’s National Average Base Hog negotiated price was down 94 cents in the Friday PM report at $88.41. The CME...
Soybeans Hold Gains Despite Less Friendly USDA Numbers
BarchartFri May 10, 4:40PM CDT
Bean futures saw Friday action heading higher into the weekend, as contracts were up anywhere from 1 ¾ to 12 ¼ cents across the board. Soymeal futures were down $1-$2.40/ton. Soy Oil was in rally mode to end the week, with contracts up 104 to 180 points. Weekly data from...
Corn Heads Into the Weekend on a High Note
BarchartFri May 10, 4:40PM CDT
Corn futures posted gains of 4 ¼ to 13 ¼ cents on the Friday session. Futures closed out the day near the highs, following the release of some bull friendly USDA data. In the Friday afternoon Commitment of Traders report, CFTC data showed spec funds in corn futures and options...
Wheat Trading Double Digits Higher Following Data Dump
BarchartFri May 10, 11:59AM CDT
The wheat complex is posting strong double digit gains on Friday. Chicago contracts are up 16 to 17 cents across the nearbys. Kansas City futures are trading 16 cents to the upside at midday. MPLS spring wheat futures are 13 to 15 cents in the green. USDA added 10 mbu...
Cattle Mixed Around on Friday
BarchartFri May 10, 11:59AM CDT
Live cattle are posting mixed trade on Friday, as contracts are down 55 cents to 22 higher across the board. Cash trade has been slow to develop this week, with trade reported this morning at $184-185 in the South and $186 in the North. Feeders are trading with contracts 40...
Cotton Falling on Friday Despite Tighter Carryout Estimate
BarchartFri May 10, 11:59AM CDT
The cotton is down 100 to 172 points across most contracts on Friday. The outside market influences are not helpful at midday, as the US dollar index is slightly higher, with crude oil down 82 cents. USDA’s final cotton production estimate was released at 12.07 million bales this morning, as...