Alan Brugler
Hogs Fall on Friday
BarchartFri Sep 6, 4:42PM CDT
Lean hog futures posted Friday losses of 35 cents to $1.20 in the nearbys, with October dropping 2.725 on the week. The national average base hog price was reported at 76.79 on Friday afternoon, down $1.05 from the day prior. The CME Lean Hog Index was $86.43 on September 4,...
Cotton Heads Home Lower on Friday, with Outside Pressure
BarchartFri Sep 6, 4:42PM CDT
Cotton futures closed with contracts down 149 to 156 points across the front months on Friday. The dollar index was back up 71 points, with crude oil futures back down $1.04/barrel to add pressure. Export Sales data from this morning showed a high in the first month of the marketing...
Soybeans Fall Back to Minimize Weekly Gains
BarchartFri Sep 6, 4:42PM CDT
Soybean futures posted 18 to 19 cent losses across the nearby contracts on Friday. That took the gain over the course of the week for November to just a nickel. Soymeal futures were down $1.90/ton in the October contracts. Soy Oil futures were the pressure factor on Friday with losses...
Wheat Slips Back on Friday, Still Higher on the Week
BarchartFri Sep 6, 4:42PM CDT
Wheat futures saw Friday losses across the three exchanges. Chicago SRW futures were down 7 ¾ cents in the nearby contracts, as Dec was up 15 ½ cents since last Friday. KC HRW was 11 ¼ cents higher in the front months to close out the day, as December tallied...
Cattle Collapse Continues Through Friday
BarchartFri Sep 6, 4:42PM CDT
Live cattle futures saw their fair share of selling on Friday, with contracts down $1.90 to $2.07 across the front months. Cash trade has been slow this short week, with the South kicking things off at $181, down $2 on the week. Northern sales were light with $180-183 reported this...
Corn Sees Week-End Pressure on Friday
BarchartFri Sep 6, 4:42PM CDT
Corn futures close out the day with contracts 4 to 6 ¼ cents lower in the nearbys. December was still up 5 ¼ cents over the course of the week. Export Sales data showed old crop corn with net reductions of 173,097 MT in the week of August 29. That...
Corn Pulling Back on Friday, Despite Solid Export Business
BarchartFri Sep 6, 12:07PM CDT
Corn futures are trading with 1 to 4 cents losses across the front months on Friday, extending Thursday’s slide. There was a total of 39 deliveries issued against September overnight, taking the total since first notice day to 350. Export Sales data showed old crop corn with net reductions of...
Soybeans By Retreating Double Digits on Friday
BarchartFri Sep 6, 12:07PM CDT
Soybean futures are posting double digit losses across the front months on Friday, with most contracts down 14 to 16 cents. Soymeal futures are up $1/ton. Soy Oil futures are back down 134 points on the day. There were 65 deliveries issued against September soybeans overnight. There were 0 deliveries...
Wheat Falling at Midday, with Weaker Export Sales
BarchartFri Sep 6, 12:07PM CDT
Wheat futures are posting Friday losses across the three exchanges on Friday. Chicago SRW futures are back down 6 3/4 cents in the December contract. KC HRW is trading with 9 1/2 cent losses in Dec. MPLS spring wheat is down 9 ¼ cents for December. Friday morning’s USDA Export...
Hogs Slipping Again on Friday
BarchartFri Sep 6, 12:07PM CDT
Lean hog futures are posting losses of 17 to 80 cents across the front months at midday. The national average base hog price was reported at 76.87 on Friday morning, down 83 cents from the day prior. The CME Lean Hog Index was $86.43 on September 4, up 16 cents...
Cotton Collapsing on Friday, with Outside Pressure
BarchartFri Sep 6, 12:07PM CDT
Cottonfutures are down 105 to 256 points across the front months so far on Friday. The dollar index is back up 171 points, with crude oil futures back down $1.64/barrel to add pressure. Export Sales data from this morning showed a high in the first month of the marketing year...
Cattle Continuing Slide on Friday
BarchartFri Sep 6, 12:07PM CDT
Live cattle futures are down $1.30 to $1.50 across the nearbys on Friday. Cash trade has been slow this short week, with the South kicking things off at $181 on Thursday, down $2 on the week. Northern bids are $180-181 so far this morning. Feeder cattle futures are $2.70 to...
Soybeans Pulling Back on Friday Morning
BarchartFri Sep 6, 7:27AM CDT
Soybean futures are trading with Friday morning losses of 3 to 4 cents. They saw some support come in late in the day on Thursday to push price action to the positive side of unchanged. Contracts were firm to 2 ¼ cents higher at the close. The cmdtyView US cash...
Cotton Slipping Lower on Friday Morning
BarchartFri Sep 6, 7:27AM CDT
Cotton prices are posting 59 to 65 point losses on Friday morning. Futures posted point 24 to 37 point losses on Thursday. The dollar index was down another 276 points, with crude oil futures back up a 12 cents/barrel to add support. Export Sales data will be updated this morning....
Wheat Ticking Higher on Friday AM
BarchartFri Sep 6, 7:27AM CDT
Wheat prices are up across the winter wheat contracts to kick off the Friday session, with spring wheat softer. Futures saw some mixed trade, with contracts pulling off their early session weakness on Thursday. Chicago SRW futures were back down 4 to 6 cents in the nearbys. KC HRW posted...