Alan Brugler

Hogs Higher Going into Weekend, With Some New Life of Contract Highs
BarchartFri Jun 20, 4:20PM CDT
Lean hog futures closed out the Friday session with gains of 35 to 87 cents vs. the pre-holiday Wednesday closes. July posted a new life of contract high at $113.02. USDA’s daily direct hog report showed the national base hog price at $110.46, down $2.66 from the day prior. The...

Corn Futures Retreat Ahead of Weekend
BarchartFri Jun 20, 4:20PM CDT
Corn prices in Chicago settled 2 ¼ to 4 ¾ lower on Friday, with old crop July the weakest as the July options expired and a July 430 pin was unsuccessful. The front month cmdtyView national average Cash Corn price is down 5 1/4 cents today at $4.05. The weather...

Soybean Complex Posts Some New Highs, But Closes Lower on Friday
BarchartFri Jun 20, 4:20PM CDT
The soybean market settled 5 ¼ to 7 ½ lower on Friday, after hitting the highest front month prices since mid-May early in the session. The cmdtyView national average Cash Bean price is down 5 3/4 cents at $10.20 3/4. Soymeal futures settled 20 to 90 cents lower, giving up...

Wheat Succumbs to Pre-Weekend Profit Taking
BarchartFri Jun 20, 4:20PM CDT
All three wheat futures markets were lower on Friday, giving back some of the big Wednesday gains as July options went off the board. The wheat market had rallied at a double digit pace on Wednesday, as shorts were busy covering their large positions amid heat and dryness concerns in...

Cattle Bulls Chicken Out Ahead of USDA COF Report
BarchartFri Jun 20, 4:20PM CDT
Live Cattle Futures were 50 cents to $1.35 higher at midday, but longs headed for the exit ahead of the close and the pending COF report from USDA. Futures settled at $1.55 to $1.87 lower. Cash trade has pulled back this week with $236 ($376 dressed) reported in the north,...

Cotton Futures Mixed on Friday, with New Crop Cautious
BarchartFri Jun 20, 4:20PM CDT
Cotton price action was mixed today. Nearby July was under pressure and posted the lowest close for the contract since April 7. The new crop months were staring at challenging US weather conditions and less inclined to discount prices. They were mostly up 3 to 7 points, with a thinly...

Corn Futures Backing Off Ahead of Weekend
BarchartFri Jun 20, 12:02PM CDT
Corn prices in Chicago are trading 1 to 5 cents lower at midday. Futures posted gains across most contracts on Wednesday with contracts 2 to 6 cents higher, but started to retreat after 7 AM CDT this morning. July options expire today. The front month CmdtyView national average Cash Corn...

Soybeans Spike Higher, Fade All Morning
BarchartFri Jun 20, 12:02PM CDT
The soybean market is 1 to 2 cents lower at midday on Friday. July beans hit the highest price since mid-May early this morning, but have been under pressure during the day session. Preliminary open interest was up 6,070 contracts, as July was down 9,391 contracts, and November was up...

Cattle Bulls Stabilize the Line and Bring in Reinforcements Ahead of USDA COF Report
BarchartFri Jun 20, 12:02PM CDT
Live Cattle Futures are 50 cents to $1.35 higher at midday, with August bouncing off of the 40 day moving average support on the charts on Tuesday and Wednesday. Cash trade has pulled back this week with $236 ($376 dressed) reported in the north, down $4-6 and $231 in the...

Hogs Higher Going Into Weekend, With Some New Life of Contract Highs
BarchartFri Jun 20, 12:02PM CDT
Lean hog futures closed out the Wednesday session mixed but are higher at midday on Friday. Nearby contracts show 20 to 80 cent gains, with July posting a new life of contract high at $112.92. USDA’s daily direct hog report showed the negotiated hog price at $113.12 on Thursday afternoon,...

Wheat Returns from Holiday Break to Some Profit Taking
BarchartFri Jun 20, 12:02PM CDT
Wheat is giving back some of the big Wednesday gains here on Friday, mostly down 3 to 5 cents at midday. The wheat market was rallying at a double digit pace across the three markets on Wednesday, as shorts were busy covering their large positions amid heat and dryness concerns...

Cotton Futures Mixed at Midday on Friday
BarchartFri Jun 20, 12:02PM CDT
Cotton price action is mixed today, with nearby July under pressure, but new crop months up 20 points or so. Futures were down 21 to 88 points across most contracts on Wednesday. WTI crude oil is down $014/barrel this morning to $75.00/barrel in the July futures contract. The US dollar...

Cotton Leaking on Friday Morning
BarchartFri Jun 20, 7:20AM CDT
Cotton price action is down 10 to 65 points across most contracts on Friday morning. Futures were down 21 to 88 points across most contracts on Wednesday. WTI crude oil is down $2.30/barrel this morning to $73.34/barrel. The US dollar index is down $0.223 to $98.245. The Seam reported 1,610...

Hogs Look to Close Out Week
BarchartFri Jun 20, 7:20AM CDT
Lean hog futures closed out the Wednesday session mixed, with contracts up 52 cents to slightly lower. Preliminary open interest was down 9,113 contracts. USDA’s daily direct hog report showed the negotiated hog price at $113.12 on Thursday afternoon, down $0.95 from the day prior. The CME Lean Hog Index...

Corn Extending Gains on Friday Morning
BarchartFri Jun 20, 7:20AM CDT
Corn is trading with contracts 1 to 3 cents higher so far early on Friday. Futures posted gains across most contracts on Wednesday with contracts 2 to 6 cents higher, as nearby July was up 2 cents. Preliminary open interest dropped 10,155 contracts, with July down 34,737 and September up...