Alan Brugler
Corn Heading Higher Following EPA Announcement
BarchartFri Apr 19, 11:52AM CDT
Midday action in the corn market has futures with 5 to 7 cent gains across most front months. The EPA today issued an emergency waiver to allow sales of E15 this summer. The waiver overrides the current policy that prohibits summer sales beginning on June 1 from retailers. USDA reported...
Wheat Still Higher at Midday
BarchartFri Apr 19, 11:52AM CDT
Despite pulling off the overnight highs by 15-20 cents across some contracts, the wheat complex is still in the green on Friday. Chicago contracts are leading the way, with 9 to 10 cent gains in the front months. MPLS is next in line, with 5 to 7 cent gains. Kansas...
Soybeans Rallying Double Digits into the Weekend
BarchartFri Apr 19, 11:52AM CDT
Soybeans are posting double digit gains across the front months on Friday, with gains of 10 to 14 cents. Soymeal is up $5.60 to $6 in the nearbys at midday. Soy Oil is 6 to 7 points higher so far. A private export sale ofo121,500 MT of soybeans was reported...
Hogs Rallying on Friday
BarchartFri Apr 19, 11:52AM CDT
Lean hogs are posting a midday rally, with contracts up $1.30 to $2.02. USDA’s National Average Base Hog negotiated price was down $1.80 in the Friday morning report at $88.69. The CME Lean Hog Index was another dime higher at $91.46 on April 17. China’s ministry of ag reported the...
Cotton Modestly Higher at Midday
BarchartFri Apr 19, 11:52AM CDT
The cotton market is trading 2 to 72 points higher to round out the week. Crude oil futures had a volatile night, and are back up 33 cents at midday, with the morning lows more than $4 off the overnight highs. That was after after reports of several presumed Israeli...
Cattle Squaring Up Ahead of CoF Data
BarchartFri Apr 19, 11:52AM CDT
Live cattle traders are squaring their positions ahead of this afternoons Cattle on Feed report with contracts anywhere form 25 cents higher to 55 cents lower. Cash action has been quiet so far this week, with some $183 live and $292 dressed action reported in the North, down $1 from...
Cotton Showing Slight Gains on Friday Morning
BarchartFri Apr 19, 7:27AM CDT
The cotton market is trading higher to round out the week, with gains of 13 to 63 points this morning. Futures posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts...
Soybeans Higher Following Overnight Trade
BarchartFri Apr 19, 7:27AM CDT
Soybeans are trading 3 to 4 cents higher following overnight trade. They pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was...
Hogs Ready to Round Out the Week
BarchartFri Apr 19, 7:27AM CDT
Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. USDA’s National Average Base Hog negotiated price was up 65 cents at $89.78 in the Thursday afternoon report. The CME Lean Hog Index...
Wheat Greening Up On Friday
BarchartFri Apr 19, 7:27AM CDT
The wheat markets are trading higher this morning with Chicago and MPLS putting in a joint effort to lead the way, up 5 to 7 cents. KC is steady to 2 cents higher. They put together some buyers on Thursday, as contracts were mostly higher. Chicago was the weakest, with...
Cattle Traders Getting Prepped for CoF Data
BarchartFri Apr 19, 7:27AM CDT
Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There have still been no deliveries against April futures. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning,...
Corn Starting Friday With A Bounce
BarchartFri Apr 19, 7:27AM CDT
Overnight action in the corn market has prices up 3 to 4 cents this morning. Corn was lower on Thursday, with losses of 3 1/2 to 4 ¾ cents at the close. May was 3 ½ cents in the red and back below $4.30, with December settling at $4.60, down...
Cotton Heads Lower on Thursday
BarchartThu Apr 18, 4:44PM CDT
The cotton market posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts following along. The US dollar index was up 226 points on the day, with crude oil back up...
Soybeans Close Near Thursday’s Lows
BarchartThu Apr 18, 4:44PM CDT
Soybeans pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was down another 22 to 90 points on the day. Export Sales...
Cattle Head Higher into the Close
BarchartThu Apr 18, 4:44PM CDT
Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There have still been no deliveries against April futures. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning,...