Alan Brugler
Hogs Close with Marginally Mixed Trade
BarchartTue Sep 10, 4:59PM 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....
Soybeans Collapse on Turnaround Tuesday
BarchartTue Sep 10, 4:59PM CDT
Soybeans posted Turnaround Tuesday losses of 14 ½ to 22 ½ cents across the board, with the brunt of the pressure felt in the front months. Products weren’t helping matters, with Soymeal futures down $4.20 to $7.50/ton across the board, Soy Oil futures were feeling pressure from a collapse in...
Corn Slip Lower on Tuesday
BarchartTue Sep 10, 4:59PM CDT
Corn 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. Ahead of the Thursday USDA reports, analysts expect to see NASS cut corn yield by 0.4 bushel per acre...
Wheat Posts Tuesday Gains
BarchartTue Sep 10, 4:59PM CDT
Wheat was a bright spot for the grain bulls on Tuesday with gains across the three exchanges. Chicago SRW futures were up 2 ¾ to 7 cents. KC HRW was 5 to 8 1/4 cents higher. MPLS spring wheat was 3 to 3 3/4 cents in the green. Wheat production...
Cotton Holds Gains on Tuesday
BarchartTue Sep 10, 4:59PM CDT
Cotton 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 pegged condition ratings back down 4% to 40% in the gd/ex categories,...
Cattle Close Mixed on Tuesday
BarchartTue Sep 10, 4:59PM CDT
Live cattle ended the Tuesday session with front months down 87 to 60 cents and back months up 27 to 52 cents. Cash trade has yet to kick off this week. It was slow last week, with the South kicking things off at $181, down $2 on the week. Northern...
Hogs Mixed at Midday
BarchartTue Sep 10, 12:03PM CDT
Lean hog futures are trading with mixed action on Tuesday, with Nearby October down 32 cents. The national average base hog price was reported at $77.82 on Tuesday morning. The CME Lean Hog Index was $85.74 on September 6, down 50 cents from the day prior. USDA’s FOB plant pork...
Corn Turning Weaker at Midday
BarchartTue Sep 10, 12:03PM CDT
Corn futures are showing losses of 2 to 3 cent across the front months on Tuesday’s midday. There were 119 deliveries issued against September corn futures overnight, taking the total since first notice day to 514. Ahead of the Thursday USDA reports, analysts expect to see NASS cut corn yield...
Wheat Posting Midday Gains
BarchartTue Sep 10, 12:03PM CDT
Wheat is a bright spot for the grain bulls on Tuesday with gains across the three exchanges. Chicago SRW futures are up 5 to 7 cents. KC HRW is 5 to 8 cents higher. MPLS spring wheat is 5 to 8 cents in the green. There were no deliveries issued...
Cattle Holding Steady on Tuesday
BarchartTue Sep 10, 12:03PM CDT
Live cattle are holding close to unchanged so far at midday, with nearby contracts within a dime of unch. Cash trade has yet to kick off this week. It was slow last week, with the South kicking things off at $181, down $2 on the week. Northern sales were light...
Soybeans Falling on Turnaround Tuesday
BarchartTue Sep 10, 12:03PM CDT
Soybeans are posting Turnaround Tuesday losses of 17 to 21 cents in the nearbys. This comes after USDA failed to show any deterioration in the US soybean crop over the last week. Products aren’t helping matters, with Soymeal futures down $7.10/ton in the October contract. Soy Oil futures are feeling...
Cotton Holding Gains on Tuesday’s Midday
BarchartTue Sep 10, 12:03PM CDT
Cotton futures are up 39 to 59 points so far across the front months on Tuesday. The dollar index is up 97 points so far on the day, with crude oil futures back down $3.15/barrel. After the Monday close, NASS reported 45% of the US cotton crop with bolls opening,...
Corn Holding Steady on Tuesday AM Following Crop Condition Drop
BarchartTue Sep 10, 7:26AM CDT
Corn prices are hovering around unch so far this morning. futures found strength during the day session on Monday, with contracts up 1 to 2 cents at the closing bell. There were 119 deliveries issued against September corn futures overnight, taking the total since first notice day to 514. NASS...
Soybeans Pulling Back as Crop Conditions Hold Steady
BarchartTue Sep 10, 7:26AM CDT
Soybean prices are trading with Turnaround Tuesday losses of 9 to 10 cents. Futures took back the Friday losses with gains of 10 to 13 cents across most front months on Monday. Soymeal futures were up 40 cents/ton in the October contract. Soy Oil futures turned around for gains of...
Hogs Mixed on Monday
BarchartTue Sep 10, 7:26AM CDT
Lean hog futures closed with front months down 12 to 70 cents, with Feb up 2 cents. The national average base hog price was reported at $78.48 on Monday afternoon, up $1.69 from the day prior. The CME Lean Hog Index was $86.24 on September 5, down 19 cents from...