Alan Brugler
Corn Posts Slight Gains Ahead of Report Day
BarchartWed Sep 11, 4:59PM CDT
Corn futures closed out the Wednesday session with contracts fractionally to 1 ½ cents higher. December settled at $4.04 ¾. The cmdtyView cash index was up ½ cent on the day to $3.69 ¼. EIA data released this morning showed 1.08 million barrels per day of ethanol production for the...
Cotton Rally on Wednesday
BarchartWed Sep 11, 4:59PM CDT
Cotton futures ended the Wednesday session with contracts up 60 to 192 points across the board. The dollar index was up just 112 points on the day, with crude oil futures back up $1.68/barrel. Now Hurricane Francine will make landfall in Louisiana on Wednesday as a category 1. The Seam...
Soybeans Hold Gains on Wednesday
BarchartWed Sep 11, 4:59PM CDT
Soybeans pulled out of the Wednesday session with gains of 2 ¼ to 5 cents across the board at the close. Soymeal futures helped out with gains of $2.30 to $2.90/ton. Soy Oil futures saw losses of 21 to 53 points across the board on the day. The weekly Export...
Wheat Posts Midweek Gains
BarchartWed Sep 11, 4:59PM CDT
The wheat complex posted gains across the three exchanges on Wednesday. Chicago SRW futures were up 2 ¾ to 5 cents at the close. KC HRW was a penny to 4 ¼ cents higher across the board. MPLS spring wheat was 5 to 6 ½ cents in the green on...
Hogs Post Strength on Wednesday
BarchartWed Sep 11, 4:59PM CDT
Lean hog futures posted gains of 15 cents to $1.20 in most nearbys on Wednesday, with some deferreds steady to a quarter lower. The national average base hog price was reported at $77.25 on Wednesday afternoon, down $1.09 from the day prior. The CME Lean Hog Index was $85.56 on...
Cattle Rally for Gains on Wednesday, with Feeders the Leaders
BarchartWed Sep 11, 4:59PM CDT
Live cattle futures ended Wednesday with gains of 57 to 90 cent gains across the board. Cash trade has yet to kick off this week, with some light sales of $180-181 reported in the South. Wednesday’s Fed Cattle Exchange showed no sales on the 1,422 head listed, with bids of...
Wheat Posting Midday Gains
BarchartWed Sep 11, 12:04PM CDT
The wheat complex is trading higher through Wednesday’s midday. Chicago SRW futures are up 5 to 7 cents. KC HRW is 5 to 8 higher. MPLS spring wheat is 3 to 7 cents in the green. There are some concerns about crops in the Kursk region in Russian being harvested...
Hogs Rallying at Midday
BarchartWed Sep 11, 12:04PM CDT
Lean hog futures are posting midday gains of 50 to 95 cents on Wednesday. The national average base hog price was not reported on Wednesday morning due to light volume, with the 5-dauy rolling average at $77.57, down 14 cents from the previous day. The CME Lean Hog Index was...
Cotton Rally Holding on Wednesday
BarchartWed Sep 11, 12:04PM CDT
Cotton futures are holding the triple digit gains on Wednesday’s midday, with contracts up 140 to 150 points. The dollar index is up just 72 points on the day, with crude oil futures back up $2.00/barrel. Now Hurricane Francine will make landfall in Louisiana on Wednesday as a category 1....
Corn Hovering Near Unchanged at Midday
BarchartWed Sep 11, 12:04PM CDT
Corn futures are trading near unchanged so far on Wednesday, with contracts showing just fractional gains. There were another 62 deliveries issued against September futures overnight. EIA data released this morning showed 1.08 million barrels per day of ethanol production for the week that ended on September 6. That was...
Cattle Mixed Again on Wednesday
BarchartWed Sep 11, 12:04PM CDT
Live cattle are trading with mixed action on Wednesday, as the nearbys are down a tick to 25 cents. Cash trade has yet to kick off this week, with some light bids of $178 reported in the South. Wednesday’s Fed Cattle Exchange showed no sales on the 1,422 head listed,...
Soybeans Turnaround for Midday Gains
BarchartWed Sep 11, 12:04PM CDT
Soybeans were pressured early on during the Wednesday session, but contracts are pulling out midday gains of 6 to 8 cents. Soymeal futures are helping, with October up $3.20/ton. Soy Oil futures are posting losses of 26 points in October. The CBoT showed 54 deliveries against September soybeans overnight, with...
Cotton Rallying on Wednesday Morning
BarchartWed Sep 11, 7:30AM CDT
Cotton prices are showing 112 to 127 point higher action on Wednesday morning. Futures were up 21 to 54 points so far across the front months on Tuesday. The dollar index was up 122 points on the day, with crude oil futures back down $2.39/barrel. Crop Progress data from NASS...
Hogs Marginally Mixed on Tuesday
BarchartWed Sep 11, 7:30AM CDT
Lean hog futures closed with contracts within 25 cents of unchanged on Tuesday. The national average base hog price was reported at $78.34 on Tuesday afternoon, down 14 cents from the previous day. The CME Lean Hog Index was $85.74 on September 6, down 50 cents from the day prior....
Corn Bouncing on Wednesday AM
BarchartWed Sep 11, 7:30AM CDT
Corn prices are trading 1 to 3 cents higher so far on Wednesday morning. Futures ended the Tuesday session with weakness. Contracts closed out the day with losses of anywhere form 1 ¼ to 4 ¾ cents across the board, led by the nearbys. There were another 62 deliveries issued...