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Alan Brugler
Cotton Extends Slide on Wednesday to Near Fall Lows
BarchartWed Apr 17, 4:51PM CDT
Wednesday trade in the cotton market had futures continuing the slide, with losses of 30 to 173 points, left by the nearbys. Pressure was coming from the crude oil side of things, with futures down $2.50. The US dollar index was also lower, down 295 points. ICE certified cotton stocks...
Beans Held Up by Product Pop
BarchartWed Apr 17, 4:51PM CDT
Soybeans saw 1 ½ to 5 cent higher trade on Wednesday, as there was some recovery in the product values. Soymeal ended the day with contracts up $1.20 to $3.40/ton, with Soy Oil 1 to 9 points higher in the front months and lower in the deferreds. The weekly Export...
Corn Creeps Lower into the Close
BarchartWed Apr 17, 4:51PM CDT
Corn ended the midweek session with weakness, as contracts were down ¾ to 2 ½ cents on the day. New crop December led the way with the 2 ½ cent drop, with May down the ¾. EIA data from this morning showed a sharp 73,000 barrel per day drop to...
Cattle Close Mixed on Wednesday
BarchartWed Apr 17, 4:51PM CDT
Live cattle futures were down a tick to 60 cents in the 2024 contracts on Wednesday with the 2025 futures up 7 to 45 cents. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids at $181...
Hogs Close Wednesday Mostly Higher
BarchartWed Apr 17, 4:51PM CDT
Hogs were mixed on the Wednesday trade session, as contracts were anywhere within 10 cents lower to 47 cents higher. USDA’s National Average Base Hog negotiated price was up 9 cents at $89.13 in the afternoon report. The CME Lean Hog Index was another 25 cents higher at $90.98 on...
Cotton Falling at Midday
BarchartWed Apr 17, 11:59AM CDT
Midday action in the cotton market is showing losses of 48 to 198 points so far on Wednesday, as the trend remains lower. Pressure is being felt from the crude oil side of things, with futures down $2.79 at midday. ICE certified cotton stocks were up another 2,269 bales on...
Wheat Pushing Lower at Midday
BarchartWed Apr 17, 11:59AM CDT
The wheat markets are heading lower at midday, pressed by the winter wheat. Chicago contracts are down 8 to 9 cents at midday, as well as the Kansas City futures. Minneapolis spring wheat is steady to 3 cents in the red at midday. USDA will release the weekly Export Sales...
Beans Holding Up on Wednesday
BarchartWed Apr 17, 11:59AM CDT
Soybeans are trading on the higher side of unchanged so far on the midweek session as futures are up 1 to 2 ½ cents so far. The product values keep a supportive thing for once this week, with Soymeal up $1.50 to $1.90/ton and Soy Oil 8 to 9 points...
Cattle Pulling Back After Early Week Gains
BarchartWed Apr 17, 11:59AM CDT
Live cattle futures are down anywhere from a quarter to $1.45 at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids at $181 and asks at $184. Feeder cattle are also in retreat after running...
Hogs Mostly Lower on Wednesday
BarchartWed Apr 17, 11:59AM CDT
Hogs are down 15 to 52 cents across most contracts, with exception to a 12 cent gain in the August. USDA’s National Average Base Hog negotiated price was up $2.31 at $88.45 in this morning report. The CME Lean Hog Index was another 25 cents higher at $90.98 on April...
Corn Back to Lower at Midday
BarchartWed Apr 17, 11:59AM CDT
Corn futures are felling some spillover pressure from wheat, as contracts are down ½ to 2 cents at midday. New crop December is 1 ½ cents lower. EIA data from this morning showed a sharp 73,000 barrel per day drop to ethanol production in the week that ended on April...
Beans Mixed Following Overnight Trade
BarchartWed Apr 17, 7:28AM CDT
Soybeans are posting mixed action as we round out overnight trade, with the front months fractionally higher. They saw 6 ¼ to 13 ¼ cent losses across the board on Tuesday, with contracts closing near the lows for the day. The product values keep a weight on things, with Soymeal...
Cattle Bulls Working on First Winning Streak Since February
BarchartWed Apr 17, 7:28AM CDT
Live cattle continued the rally from Monday with contracts closing $1.20 to $1.90 higher at the close on Tuesday. A higher close today would make it 3 days in a row for the first time in nearly 2 months. Still no deliveries have been scheduled against April futures as of...
Corn Holding Steady on Wednesday Morning
BarchartWed Apr 17, 7:28AM CDT
Overnight trade on the CBoT has corn steady to a penny higher this morning. Corn bulls were stuck in the mud on Tuesday, as contracts saw losses of just ½ to 2 ½ cents across the board. May was 2 ½ cents off the session low at the close, with...
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