Alan Brugler
Monday Gains for Lean Hogs
Barchart9 minutes ago
Front month hog prices were mostly higher on Monday, 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...
Cattle Close Up by Triple Digits to Start the Week
Barchart9 minutes ago
The cattle futures market finished Monday with $1.32 to $1.80 gains across the nearby contracts. Feeders were $1.92 to $3.12 higher. USDA reported cash cattle trades last week from from $185 to $190, with Friday showing $186 sales for the South and $187-$188 for the North. Gathering of show lists...
Soybeans Working Lower in AM
Barchart9 minutes ago
Soybeans are currently fractionally to 3 cents lower in early Tuesday futures action. Soybean futures were 8 ¼ to 10 ½ cents weaker to start the week. July held above the $12 mark for the close, while May spiked over the $12 mark only at the high of the day...
Wheat Extending Gains into Tuesday
Barchart9 minutes ago
The three US wheat markets are starting off Tuesday with another 1 to 8 cent gains so far. 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....
Cotton Fading into Tuesday
Barchart9 minutes ago
Cotton prices are down by triple digits in old crop early on Tuesday. The May cotton futures shed 163 points off their early 226 point gain, though the nearby contracts were still 1 to 67 points higher at the Monday close. The Cotlook A Index for was down by 135...
Corn Futures Firming on Tuesday
Barchart9 minutes ago
Corn is trading a penny to 1 ½ cents higher so far on Tuesday morning. The corn market initially tried for gains to start the week but faded back to close UNCH to fractionally lower on Monday. Preliminary open interest rose 20,032 contracts but neither bulls nor bears had the...
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...