Alan Brugler

Cotton Easing Lower on Thursday
BarchartThu Jul 10, 12:27PM CDT
Cotton futures are trading with 12 to 25 point losses on the Thursday session. Crude oil is down $1.68 cents/barrel at $66.70, with the US dollar index $0.171 lower to $97.370. USDA Export Sales data showed 75,089 RB of old crop cotton bookings in the week ending on July 3....

Cattle Fall From Highs as Traders Reject Thursday Rally
BarchartThu Jul 10, 12:27PM CDT
Live cattle futures are falling $1.40 to $1.70 at midday. Cash trade saw very light $225 Southern action reported on Tuesday. Bids are showing up at $223-227 so far on Thursday in the South. The Thursday morning Fed Cattle Exchange online auction from Central Stockyards, showed no sales on the...

Corn Sticking Close to Unchanged at Midday
BarchartThu Jul 10, 12:27PM CDT
Corn futures are down fractionally in the nearby contracts, with new crop December up ¼ cent. There were 37 delivery notices for July corn overnight, taking the total for the month to 362. The front month CmdtyView national average Cash Corn price was down 1/4 cent at $3.85 1/4. USDA...

Wheat Showing Thursday Strength
BarchartThu Jul 10, 12:27PM CDT
The wheat complex is showing gains across the three markets on Thursday. Chicago SRW wheat us up 6 to 8 cents so far at midday. KC HRW contracts a showing gains of 7 ¾ cents in the September contract. July KC wheat had another 16 delivery notices overnight. MPLS spring...

Soybeans Back to Mixed Trade on Thursday
BarchartThu Jul 10, 12:27PM CDT
Soybeans are showing mixed action on Thursday, with nearbys lower and new crop up 2 ¾ cents. There were 308 deliveries against July soybeans overnight. The cmdtyView national average Cash Bean price was down 1 ¾ cents at $9.67 ¾. Soymeal futures are up $1.50/ton, as Soy Oil is 4...

Hogs Falling on Thursday Trade
BarchartThu Jul 10, 12:27PM CDT
Lean hog futures are trading with losses of $1 to $1.30 at midday. Preliminary open interest was down 2,085 contracts on Wednesday. USDA’s national base hog price was reported at $112.75 on Thursday morning, up 94 cents from the day prior. The CME Lean Hog Index was down 29 cents...

Hog Look to Thursday AM Trade
BarchartThu Jul 10, 7:31AM CDT
Lean hog futures closed out the Thursday session with contracts up anywhere from 12 to 80 cents in the front months. Preliminary open interest was down 2,085 contracts on Wednesday. USDA’s national base hog price was reported at $111.90 on Wednesday afternoon, down 12 cents from the day prior. The...

Cotton Slipping Early on Thursday
BarchartThu Jul 10, 7:31AM CDT
Cotton price action is showing modest losses of 4 to 10 points. Futures posted gains of 28 to 40 points on the Wednesday session to rebound from recent weakness. The July contract rolled off the board at 64.96. Crude oil was down 4 cents/barrel to close at $68.29, with the...

Wheat Bulls Pushing Higher on Thursday
BarchartThu Jul 10, 7:31AM CDT
Wheat is holding its own on Thursday morning, up across all three markets. The wheat complex ended Wednesday on a mixed note, as the hard red contracts were busy posting slight strength. Chicago SRW wheat was fractionally lower to close out the session. KC HRW contracts posted slight 1 to...

Soybeans Losses Extending to Thursday
BarchartThu Jul 10, 7:31AM CDT
Soybeans are trading with 1 to 7 cent losses on Thursday morning, with the nearbys feeling the brunt of the pressure. Futures slipped even further into the Wednesday close, as most contracts were down 10 to 12 cents at the final bell. Preliminary open interest suggested net new selling, up...

Cattle Traders Look to React to Another Border Closure
BarchartThu Jul 10, 7:31AM CDT
Live cattle futures settled Wednesday with contracts up 50 to 70 cents and August down 20. Cash trade saw very light $225 Southern action reported on Tuesday. It has been quiet otherwise. The Wednesday morning Fed Cattle Exchange online auction from Central Stockyards, showed no sales on the 928 head,...

Corn Back to Weakness Early on Thursday
BarchartThu Jul 10, 7:31AM CDT
Corn futures are showing fractional to 2 cent lower trade early on Thursday. Bulls showed up on Wednesday to defend the $4 level on September, but fell short by the close. Contracts were still 1 to 2 cents in the green at the close. Preliminary open interest dropped 21,279 contracts...

Wheat Posts Mixed Trade on Wednesday
BarchartWed Jul 9, 4:48PM CDT
The wheat complex ended Wednesday on a mixed note, as the hard red contracts were busy posting slight strength. Chicago SRW wheat was fractionally lower to close out the session. KC HRW contracts posted slight 1 to 2 cent gains at the close. MPLS spring wheat was up 1 to...

Cotton Posts Midweek Pop
BarchartWed Jul 9, 4:48PM CDT
Cotton posted gains of 28 to 40 points on the Wednesday session to rebound from recent weakness. The July contract rolled off the board at 64.96. Crude oil was down 4 cents/barrel to close at $68.29, with the US dollar index $0.012 lower to $97.160. Tuesday’s online auction from The...

Corn Holds Higher into the Wednesday Close
BarchartWed Jul 9, 4:48PM CDT
Corn bulls showed up on Wednesday to defend the $4 level on September, but fell short by the close. Contracts were still 1 to 2 cents in the green at the close. The front month CmdtyView national average Cash Corn price was up 1 ½ cents at $3.85 1/2. Wednesday...