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Alan Brugler
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Wheat Falling at Midday
BarchartFri May 9, 12:18PM CDT
The wheat market is trading with losses at Friday’s midday. Chicago SRW futures are trading with 5 to 6 cent losses in the front months on Friday. Kansas City HRW futures are facing midday weakness, with to 5 cent losses at midday. Minneapolis spring wheat futures are trading with contracts...
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Soybeans Rallying into the Weekend
BarchartFri May 9, 12:18PM CDT
The soybean market is trading with 7 to 12 cent gains ahead of the weekend meeting with the US and China. There were another 3 deliveries issued against May soybeans on Thursday. The cmdtyView Cash Bean price is up 11 3/4 cents to $10.05 1/4. Soymeal futures are up 30...
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Corn Bulls Pushing Higher at Midday
BarchartFri May 9, 12:18PM CDT
Corn futures are posting a round of strength ahead of the weekend, with contract up 1 to 4 cents at midday. There were another 17 deliveries issued against May futures overnight. The nearby CmdtyView national average Cash Corn price is up 1 3/4 cents at $4.20 1/2. USDA reported a...
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Hogs Posting Friday Strength at Midday
BarchartFri May 9, 12:18PM CDT
Lean hog futures are trading with contracts 50 to 60 cent gains in the front months so far on Friday, with thinly trade May down a dime. USDA’s national average base hog negotiated price was reported at $9478 on Friday morning, up $0.14. The CME Lean Hog Index was back...
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Cotton Sticking Near Steady on Friday
BarchartFri May 9, 12:18PM CDT
Cotton futures are holding near unchanged so far on Friday, with contracts anywhere from up 6 points to 2 points lower in the nearbys. Crude oil prices are back 93 cents/barrel. The US dollar index is down $0.315 to $100.175. USDA’s Export Sales report showed current cotton commitments for export...
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Cattle Pulling Back on Friday
BarchartFri May 9, 12:18PM CDT
Live cattle futures are slipping back by a nickel to $1 so far at Friday’s midday. Cash trade this week has come in at the $218-220 range in the South, with northern action at $225-228. Feeder cattle futures are fading back below the $300 level in some contracts, with midday...
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Cotton Bulls Gain Back Some Ground on Friday Morning
BarchartFri May 9, 7:29AM CDT
Cotton prices are up 22 to 32 points early on Friday morning. Futures closed Thursday with 49 to 69 point losses. Crude oil prices were back up $2.33/barrel. The US dollar index was up $1.05 to $100.485. USDA’s Export Sales report showed a total of 65,764 RB of 2024/25 cotton...
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Cattle Look to Round Out Week of Gains
BarchartFri May 9, 7:29AM CDT
Live cattle futures were up $1.30 to $1.75 on Thursday. Preliminary open interest was down 2,058 contracts on Thursday, with 11,270 coming out of June. Cash action started off with sales of $218-220 in the South, with northern action at $225-228 kicking up on Thursday. Feeder cattle futures led the...
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Hogs Look to Friday Trade After Thursday Pressure
BarchartFri May 9, 7:29AM CDT
Lean hog futures closed with contracts down 15 to 50 cents in the nearbys and July up 75 points. USDA’s national average base hog negotiated price was reported at $94.02 on Thursday afternoon, up $1. The CME Lean Hog Index was another 3 cents higher on May 6, at $90.16....
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Corn Bulls Trying to Show Strength at Week-End
BarchartFri May 9, 7:29AM CDT
Corn futures are trading with 2 to 5 ½ cent gains so far on Friday morning. The corn market pulled off the session lows into the Thursday close, with contracts down 1 to 2 cents at the close. Preliminary open interest was up 26,996 contracts on Thursday. There were another...
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Soybeans Sneaking out Gains Early on Friday
BarchartFri May 9, 7:29AM CDT
The soybean market is showing gains of 2 to 5 1/2 cents on Friday morning. Soybeans saw 3 to 6 cent gains across most contracts on Thursday, fighting off midday pressure. Preliminary open interest was up 5,894 contracts on Thursday, most coming in November. There were another 3 deliveries issued...
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Wheat Looking at Slightly Higher Trade on Friday Morning
BarchartFri May 9, 7:29AM CDT
Wheat posting fractional to 2 cent gains on Friday AM trade. The wheat complex held the weakness into the Thursday close. Chicago SRW futures were down 5 cents in the front months. Thursday’s Preliminary open interest was up 5,561 contracts. There were another 9 deliveries issued against May CBT wheat...
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Cotton Faces Pressure on Thursday
BarchartThu May 8, 5:14PM CDT
Cotton futures closed Thursday with 49 to 69 point losses. Crude oil prices were back up $2.33/barrel. The US dollar index was up $1.05 to $100.485. USDA’s Export Sales report showed a total of 65,764 RB of 2024/25 cotton sold in the week ending on May 1, with 37,376 RB...
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Corn Pulls Off Lows at Thursday’s Close
BarchartThu May 8, 5:14PM CDT
The corn market pulled off the session lows into the Thursday close, with contracts down 1 to 2 cents at the close. The nearby CmdtyView national average Cash Corn price was down 1 3/4 cents at $4.18 3/4. USDA reported private export sales of 205,000 MT to Mexico this morning...
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Soybeans Pop Higher on Thursday
BarchartThu May 8, 5:14PM CDT
Soybeans saw 3 to 6 cent gains across most contracts on Thursday, fighting off midday pressure. The cmdtyView Cash Bean price was up 6 1/2 cents to $9.94 1/2. Soymeal futures were down 20 to 90 cents/ton, with Soy Oil futures back up 74 to 112 points. A private export...
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