|
Alan Brugler
![]()
Cotton Pushes Lower on Tuesday
BarchartTue Jul 8, 5:28PM CDT
Cotton futures fell another 50 to 75 points lower on Tuesday. Crude oil was up another 32 cents/barrel at $68.25, with the US dollar index $0.014 higher to $97.155. Weekly Crop Progress data showed the US cotton crop at 48% squared, with 14% setting bolls, both 1% behind average. Condition...
![]()
Soybeans Losses Extend to Tuesday
BarchartTue Jul 8, 5:28PM CDT
Soybeans posted 3 to 10 ¼ cent losses across most contracts on Tuesday. The cmdtyView national average Cash Bean price was down 8 3/4 cents at $9.81. Soymeal futures were down $1.30 to $1.90/ton, as Soy Oil was up 4 to 18 points. USDA reported a private export sale of...
![]()
Corn Falls to New Contract Lows with September Below $4
BarchartTue Jul 8, 5:28PM CDT
Corn futures closed the Tuesday session with contracts down 5 to 7 cents, as September fell below the $4 mark. The front month CmdtyView national average Cash Corn price was down a nickel at $3.84. USDA reported a private export sale of 112,776 MT of corn to Mexico this morning,...
![]()
Hogs Close Mixed on Tuesday
BarchartTue Jul 8, 5:28PM CDT
Lean hog futures posted mixed Tuesday trade of 32 cents lower to a dime higher in the front months. USDA’s national base hog price was reported at $112.02 on Tuesday. The CME Lean Hog Index was down $1.18 at $108.33 on July 3. USDA’s Tuesday afternoon FOB plant pork cutout...
![]()
Cattle Rally into Tuesday’s Close
BarchartTue Jul 8, 5:28PM CDT
Live cattle futures were $3.20 to $4.07 higher on Tuesday. Cash trade saw very light $225 Southern action reported on Tuesday, with last week’s sales of $230-232 in the North and $222-225 in the South. Feeder cattle futures continued the week’s rally, with gains of another $5 to $5.90. The...
![]()
Wheat Losses Extend to Tuesday
BarchartTue Jul 8, 5:28PM CDT
The wheat complex weakness leaked into the Tuesday trade, closing mostly lower across the three markets. Chicago SRW wheat was fractionally lower in most contracts. KC HRW contracts were 5 to 6 cents in the red on Tuesday. MPLS spring wheat saw losses of 6 to 8 cents at the...
![]()
Cotton Losses Extending on Tuesday
BarchartTue Jul 8, 12:21PM CDT
Cotton futures are falling another 60 to 77 points lower on Tuesday. Crude oil is up another 79 cents/barrel at $68.72, with the US dollar index $0.144 higher to $97.285. Weekly Crop Progress data showed the US cotton crop at 48% squared, with 14% setting bolls, both 1% behind average....
![]()
Wheat Continuing Lower on Tuesday
BarchartTue Jul 8, 12:21PM CDT
The wheat complex is continuing the pullback into Tuesday trade. Chicago SRW wheat is 1 to 2 cents lower in the nearbys on Tuesday, with the nearby July an exception. KC HRW contracts are showing 3 to 5 cent losses across most contracts on Tuesday. There were 8 deliveries issued...
![]()
Cattle Rally Extending Tuesday
BarchartTue Jul 8, 12:21PM CDT
Live cattle futures are $2.75 to $3.60 higher on Tuesday. Cash trade has yet to pick up this week, with last week’s sales of $230-232 in the North and $222-225 in the South. Feeder cattle futures are rallying another $4.05 to $4.50 on Tuesday trade. The CME Feeder Cattle Index...
![]()
Hogs Slipping Lower on Turnaround Tuesday
BarchartTue Jul 8, 12:21PM CDT
Lean hog futures are trading with 5 to 45 cent losses at Tuesday’s midday. USDA’s national base hog price was not reported on Tuesday morning due to light volume and a 5-day rolling average of $111.43. The CME Lean Hog Index was down $1.18 at $108.33 on July 3. Speculators...
![]()
Corn Pushing to New Lows as Conditions Improve
BarchartTue Jul 8, 12:21PM CDT
Corn futures are extending the losses on Tuesday with September flirting with $4 and contracts down 2 to 4 cents. There were 77 deliveries issued against July corn futures overnight. The front month CmdtyView national average Cash Corn price is down 3 1/2 cents at $3.86 1/2 USDA reported a...
![]()
Soybeans Holding Lower on Tuesday
BarchartTue Jul 8, 12:21PM CDT
Soybeans are showing losses of 2 to 6 cents on Tuesday’s midday. There were 86 deliveries issued against July soybean overnight, all by the ADM house account. The cmdtyView national average Cash Bean price is down 5 1/2 cents at $9.84 ¼. Soymeal futures are $0.80/ton lower, with Soy Oil...
![]()
Wheat Losses Pushing to Tuesday
BarchartTue Jul 8, 7:34AM CDT
Wheat is trading with losses across the three markets on Tuesday morning. The wheat complex fell on Monday, coming out of the long weekend on a sour note. Chicago SRW wheat was down 8 to 9 cents. Preliminary open interest rose 7,821 contracts on Monday. KC HRW contracts posted 8...
![]()
Hogs Look to Tuesday after Monday Gains
BarchartTue Jul 8, 7:34AM CDT
Lean hog futures were mostly higher on Monday, with contracts 75 cents to $1 higher, as nearby July was down $1.02. USDA’s national base hog price was not reported on Monday afternoon due to light volume and a 5-day rolling average of $111.55. The CME Lean Hog Index was down...
![]()
Cotton Slipping Lower on Tuesday Morning
BarchartTue Jul 8, 7:34AM CDT
Cotton futures are down 15 to 43 points on Monday. Price action closed the Monday trade with losses of 27 to 57 points. Crude oil was $1.44/barrel at $67.94, with the US dollar index $0.378 higher to $97.200. Weekly Crop Progress data showed the US cotton crop at 48% squared,...
|
|