Alan Brugler

Soybeans Post Gains to Head into the Weekend
BarchartFri May 2, 5:14PM CDT
Soybeans posted 6 to 9 cents gains across most nearby contracts on Friday, with July closing out the week with a 1 ¼ cent loss. CmdtyView’s national front month Cash Bean price was up 9 cents at $10.06 3/4. Soymeal futures posted a $2.50 to $3.70 on Friday, as July...

Wheat Rallies Double Digits on Friday
BarchartFri May 2, 5:14PM CDT
Wheat bulls were trying their best to put in some sort of bottom, as futures rallied across the three exchanges on Friday. Chicago SRW futures were up 11 to 12 cents at the close on Friday, with weekly move of 2 cents lower for July. Kansas City HRW futures were...

Cotton Rallies into the Weekend
BarchartFri May 2, 5:14PM CDT
Cotton futures were in rally mode on Friday, with contracts up 228 to 275 points and nearing the 3 cent limit. In delivery May (where no limits apply), was up 457 points on the session. The rally back on Friday limited to the weekly losses for July to just 39...

Hogs Pull Out Gains into the Friday Close
BarchartFri May 2, 5:14PM CDT
Lean hog futures closed with contracts up $1.17 to $1.77 on Friday, with thinly trade May up 55 cents. June was down $1.80 on the week. USDA’s national average base hog negotiated price was reported at $91.51 on Friday afternoon, an 88 cent dop from the day prior. The CME...

Corn Closes Mixed on Friday
BarchartFri May 2, 5:14PM CDT
The corn market settled the Friday session with some bear spreading going on, as nearby contracts were down 3 to 4 cents and new crop December was up 3 cents. July was down 16 ½ cents this week. The nearby CmdtyView national average Cash Corn price was down 3 at...

Cattle Rally Continues on Friday as Cash is King
BarchartFri May 2, 5:14PM CDT
Live cattle futures were trying to keep up with the booming cash market on Friday, as contracts rallied $1.45 to $2.25. June pushed up $2.85 on the week. Cash trade settled in this week with a $5-6 higher trend across the country. Southern trade was observed at $218, with business...

Corn Posting Modest Gains at Midday on Friday
BarchartFri May 2, 11:46AM CDT
Corn futures are 2 cents lower to 3 cents higher at midday on Friday, led by new crop December. The corn market ended the Thursday session with contracts down 3 to 4 cents in the nearbys and up a penny in December. Preliminary open interest was up 6,510 contracts on...

Hogs Higher Midsession on Friday
BarchartFri May 2, 11:46AM CDT
Lean hog futures are 67 cents to a dollar higher at midday on Friday, excluding the thinly traded May contract. Preliminary open interest was up 3,201 on Thursday USDA’s national average base hog negotiated price was reported at $92.23 on Friday morning, a 21 cent dop from the day prior....

Products Mixed, But Soybean Futures are Higher
BarchartFri May 2, 11:46AM CDT
Soybeans are trading 5 to 8 cents higher at midday on Friday. Futures closed out the Thursday session with contracts 4 to 7 cents across most months. Preliminary open interest was up 3,770 contracts on Thursday, suggesting light net new buying. There were 3 deliveries issued against May beans overnight....

Wheat Higher on Friday? By Double Digits!
BarchartFri May 2, 11:46AM CDT
Wheat is trading with Friday morning gains across the three exchanges. Most contracts are up 10 to 12 cents per bushel. The wheat complex was mixed on Thursday, with contracts on either side of unch across the three markets. Preliminary open interest was up 7,187 contracts on Thursday, with OI...

Bulls Still Running, Cattle Futures Up Triple Digits on Firm Cash Trade
BarchartFri May 2, 11:46AM CDT
Live cattle futures are showing triple digit gains at midday on Friday, up $1.80 to $2.20. Preliminary open interest was up 5,453 contracts on Thursday, with most coming in August (3,801 contracts) and October (1,484 contracts). Cash trade has been $218 in the South, with business up to $222-224 in...

Cotton Futures Buoyant Ahead of Friday Close
BarchartFri May 2, 11:46AM CDT
Cotton prices are extending early Friday morning gains into midday, up 112 to 243 points. Nearby July is the bull leader for the session. Futures closed the Thursday session with contracts 16 to 36 points lower. A strong US jobs number this morning (with unemployment UNCH at 4.2%) is supporting...

Hogs Look to Round Out the Week after Mixed Thursday
BarchartFri May 2, 7:31AM CDT
Lean hog futures settled the Thursday session mixed, with most nearby contracts up 30 to 50 cents and June down a dime. Preliminary open interest was up 3,201 on Thursday USDA’s national average base hog negotiated price was reported at $92.39 on Thursday morning, a 61 cent dop from the...

Soybeans Popping Higher on Thursday
BarchartFri May 2, 7:31AM CDT
Soybeans are trading with 3 to 4 cent gains across most contracts early on Friday, Futures closed out the Thursday session with contracts 4 to 7 cents across most months. Preliminary open interest was up 3,770 contracts on Thursday, suggesting some very slight net new buying. There were 3 deliveries...

Cattle Rallying as Cash Climb Pushes to Record Highs
BarchartFri May 2, 7:31AM CDT
Live cattle futures held higher on Thursday by cash strength, as futures were up 27 cents to $1.25. Preliminary open interest was up 5,453 contracts on Thursday, with most coming in August (3,801 contracts) and October (1,484 contracts). Cash trade has been $218 in the South, with business up to...