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Alan Brugler
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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...
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Cattle Close Higher on Wednesday as Beef Falters
BarchartWed Jul 9, 4:48PM CDT
Live cattle futures closed out the Wednesday session with contracts up 50 to 70 cents and August down 20. Cash trade saw very light $225 Southern action reported on Tuesday. The Wednesday morning Fed Cattle Exchange online auction from Central Stockyards, showed no sales on the 928 head, with bids...
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Soybeans Pressured to Close with Double Digit Losses on Wednesday
BarchartWed Jul 9, 4:48PM CDT
Soybeans slipped even further into the Wednesday close, as most contracts were down 10 to 12 cents at the final bell. The cmdtyView national average Cash Bean price was down 12 1/2 cents at $9.68 ½. Soymeal futures were down a dime to $1.40/ton, as Soy Oil was 45 to...
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Hog Bulls Recover on Wednesday Trade
BarchartWed Jul 9, 4:48PM CDT
Lean hog futures rounded out the midweek trade with contracts up anywhere from 12 to 80 cents in the front months. USDA’s national base hog price was reported at $111.90 on Wednesday afternoon, down 12 cents from the day prior. The CME Lean Hog Index was down $1.00 at $107.33...
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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...
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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...
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Soybeans Still Feeling Pressure on Wednesday
BarchartWed Jul 9, 12:26PM CDT
Soybeans are posting 5 to 8 cent losses across the nearby contracts on Wednesday. The cmdtyView national average Cash Bean price is down 8 cents at $9.73. Soymeal futures were down $1.20/ton, as Soy Oil is 56 to 73 points. Another 139 deliveries were issued against July meal futures overnight,...
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Corn Trying to Put Together a Midweek Bounce
BarchartWed Jul 9, 12:26PM CDT
Corn is trading with gains of 1 to 3 cents across the front months at Wednesday’s midday in an attempt by September to claw its way back above $4. The front month CmdtyView national average Cash Corn price is up 2 ½ cents at $3.86. Wednesday morning’s weekly EIA report...
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Cattle Extending Push to Contract Highs on Wednesday
BarchartWed Jul 9, 12:26PM CDT
Live cattle futures are 22 cents to $1 higher on Wednesday. Cash trade saw very light $225 Southern action reported on Tuesday. The Wednesday morning Fed Cattle Exchange online auction from Central Stockyards, showed no sales on the 928 head, with bids of just $220. Feeder cattle futures are up...
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Hog Bulls Pushing Back on Wednesday
BarchartWed Jul 9, 12:26PM CDT
Lean hog futures are trading 30 cents to $1 higher at Wednesday’s midday. USDA’s national base hog price was reported at $111.81 on Wednesday morning. The CME Lean Hog Index was down $1.00 at $107.33 on July 7. USDA’s Wednesday AM FOB plant pork cutout value was back up $1.38...
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Wheat Trying to Push Higher on Wednesday
BarchartWed Jul 9, 12:26PM CDT
The wheat complex is posting slight strength on Wednesday. Chicago SRW wheat is up 1 to 2 cents. KC HRW contracts are showing fractional gains at midday. There were 4 deliveries issued for July KC wheat this morning. MPLS spring wheat is up 2 to 4 cents on Wednesday. President...
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Cotton Sneaking Back Higher on Wednesday
BarchartWed Jul 9, 12:26PM CDT
Cotton futures are back up 30 to 45 points on Wednesday, with July expiring today. Crude oil is up another 47 cents/barrel at $68.80, with the US dollar index $0.043 higher to $97.255. Tuesday’s online auction from The Seam showed sales of 2,465 bales at an average price of 65.44...
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Corn Slide Continuing on Wednesday Morning
BarchartWed Jul 9, 7:35AM CDT
Corn prices are down fractionally to 2 cents early on Wednesday. Futures closed the Tuesday session with contracts down 5 to 7 cents, as September fell below the $4 mark. Preliminary open interest was down 2,349 contracts on Tuesday. There were 36 deliveries against July corn futures overnight. The front...
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Wheat Sneaking Lower on Wednesday AM Trade
BarchartWed Jul 9, 7:35AM CDT
Wheat is slipping back across the three exchanges this morning, with slight losses. 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. Preliminary open interest was up 7,556 contracts on Tuesday. KC HRW contracts...
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Cotton Bulls Taking Some Back on Wednesday Morning
BarchartWed Jul 9, 7:35AM CDT
Cotton price action is up 22 to 50 points on Wednesday morning, as July expires today. 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...
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