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Alan Brugler Headlines
Soybeans Being Pushed Higher by Meal Ahead of Long Weekend
Soybeans are trading 2 to 7 cents higher on Friday’s midday, as we get set to kick off a 3-day weekend. Soymeal is a main reason for the strength, as front months are up $6.20 to $8 at midday. Soy Oil is weaker as we ready to round out the...
Wheat Gaining Strength on Friday
The wheat complex is trading with mixed on Friday, as soft red contracts are lower and hard red contracts are higher. Chicago contracts are fractionally lower in the front month, with some back months higher. Kansas City futures are up 2 to 8 ¼ cents at midday. MPLS spring wheat...
Cattle Mixed Ahead of CoF Release
Live cattle are trading with contracts steady to 60 cents higher at midday. Cash trade is beginning to pick up, with a few trades of $187 in the south and USDA showing some light $192 in KS. Trade in the north is mainly $192, with some coming in at $193.50....
Corn Holding Fractional Gains on Friday
Corn futures are trading higher on Friday, with fractional to 1 cent gains so far at midday. Today will be the last trade session before a 3-day weekend, with the markets closed for Memorial Day on Monday. Total US corn export sale commitments are now at 90% of the USDA...
Hogs Firming at Midday
Lean hogs are trading firmer on Friday, as nearby contracts are within a nickel of unch. USDA’s National Average Base Hog negotiated price was reported at $86.88 in the Friday AM report. The CME Lean Hog Index was down another 5 cents on May 22 at $91.77. USDA’s National Pork...
Cotton Slipping Lower on Friday
Cotton prices are down 55 to 140 points on Friday’s midday. Cotton limits are back to 400 points, with the July contract back in the 80 cent level. The outside market factors are supportive this go ‘round, with crude oil 83 cents lower and the US dollar index 421 points...

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