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Alan Brugler
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Wheat Easing Back Lower on Thursday
BarchartThu Sep 18, 12:01PM CDT
The wheat complex is weaker across the board on the Thursday session. CBT soft red wheat futures are down 3 to 4 cents so far on Thursday. KC HRW futures are down 4 to 5 cents on Thursday. MPLS spring wheat futures are trading with 1 to 2 cent losses...
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Hog Bulls Taking Some Gains Back on Thursday
BarchartThu Sep 18, 12:01PM CDT
Lean hog futures are posting 30 to 40 cent gains across most contracts on Thursday. USDA’s national base hog report from Thursday morning was reported at $106.57, up 32 cents from the day prior. The CME Lean Hog Index was down 14 cents on September 16 at $105.86. Pork export...
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Cattle Bouncing Higher on Thursday
BarchartThu Sep 18, 12:01PM CDT
Live cattle futures are trading with 40 to 80 cent gains at Thursday’s midday. Cash trade has yet to get kicked off this week. A few Southern sales were reported at $239 on Wednesday, with bids of $239 this morning and Northern bids if $235. The Thursday morning Fed Cattle...
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Soybeans Pulling Back on Thursday
BarchartThu Sep 18, 12:01PM CDT
Soybeans are trading with 7 to 8 cent losses so far on Thursday. The cmdtyView national average Cash Bean price is down 7 1/2 cents at $9.60 1/2. Soymeal futures are down $1 to 1.10 in the front months. Soy Oil futures are down another 60 to 68 points at...
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Cotton Extending Weakness to Thursday
BarchartThu Sep 18, 12:01PM CDT
Cotton futures are trading with Thursday midday losses of 56 to 93 points. The US dollar index was up $0.540 on the day to $97.060, with crude oil futures $0.36 lower. USDA tallied upland cotton export business at 186,108 RB for the week that ended on September 11. Shipments were...
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Corn Showing Weakness on Thursday
BarchartThu Sep 18, 12:01PM CDT
Corn futures are trading with contracts 2 to 3 cents lower so far on Thursday. The CmdtyView national average Cash Corn price is down another 2 3/4 cents at $3.79 ½. A private export sale of 110,000 MT of corn was reported by the USDA this morning, to Mexico for...
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Cotton Falling Early on Thursday
BarchartThu Sep 18, 7:30AM CDT
Cotton price action is down 25 to 50 points early on Thursday morning. Futures were weaker on Wednesday, with contracts down 37 to 53 points across the nearbys. The US dollar index was up $0.392 on the day to $96.640. The Fed cut rates by 25 basis points, as expected...
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Wheat Seeing Some Buying on Thursday Morning
BarchartThu Sep 18, 7:30AM CDT
Wheat is trading with slight gains in the winter wheat contracts on Thursday morning, as spring wheat is weaker. The wheat complex gave back some of the Tuesday gains, with contracts falling lower across the three markets on Wednesday. CBT soft red wheat futures posted 5 to 6 cent losses....
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Cattle Look to Thursday Trade, as Beef Continues Decline
BarchartThu Sep 18, 7:30AM CDT
Live cattle futures were down $2.35 to $2.65 across the front months to close out Wednesday. Preliminary open interest showed a rotation of ownership, up just 388 contracts. Cash trade has yet to get kicked off this week. A few Southern sales were being reported at $239 on Wednesday. Wednesday...
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Hogs Look to Thursday After Wednesday Weakness
BarchartThu Sep 18, 7:30AM CDT
Lean hog futures eased back lower on Wednesday, with contracts down a nickel to 60 cents. Preliminary open interest was up 2,072 contracts. USDA’s national base hog report from Wednesday afternoon was reported at $106.71, up 42 cents from the day prior. The CME Lean Hog Index was down 14...
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Corn Showing Steady Trade on Thursday Morning
BarchartThu Sep 18, 7:30AM CDT
Corn price action is steady so far on Thursday morning, with some fractional losses. Futures closed out Wednesday with losses of 2 to 3 cents across the front months. Preliminary open interest was up 10,403 contracts on Wednesday. The CmdtyView national average Cash Corn price was down 2 3/4 cents...
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Soybeans Fall on Wednesday with Bean Oil Weakness
BarchartWed Sep 17, 5:17PM CDT
Soybeans posted 6 to 7 cent losses in the front months at the close. The cmdtyView national average Cash Bean price was down 5 1/2 cents at $9.67. Soymeal futures were down 40 cents to $1.90 in the front months with contracts up a dime to $1.60. Soy Oil futures...
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Wheat Falls on Wednesday
BarchartWed Sep 17, 5:17PM CDT
The wheat complex gave back some of the Tuesday gains, with contracts falling lower across the three markets. CBT soft red wheat futures posted 5 to 6 cent losses. KC HRW futures fell back 7 to 8 cents. MPLS spring wheat futures were down 2 to 3 cents in the...
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Corn Slips Lower into Wednesday’s Close
BarchartWed Sep 17, 5:17PM CDT
Corn futures closed out Wednesday with losses of 2 to 3 cents across the front months. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $3.82 ¼. The weekly EIA report showed ethanol production dropping 50,000 barrels per day in the week ending on September 12...
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