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Alan Brugler Headlines
- Wheat Showing Early Tuesday Losses
- Wheat is trading with Tuesday morning losses across the three markets, led by the winter wheats. The wheat complex pulled back into the Monday close, as contracts saw mostly fractional gains. KC HRW futures were fractionally higher in the front months. CBT soft red wheat futures were up ½ cent...
- Cattle Look to Tuesday After Getting a Mondy Bounce
- Live cattle futures closed out the Monday session with gains, as contracts were 12 to 55 cents higher at the close despite some early pressure. Cash trade was light last week with $245 northern action reported, steady to $2 lower wk/wk. The South was listed at $235, steady. Feeder cattle...
- Hog Look to Tuesday Following Monday Strength
- Lean hog futures posted gains across the front months on Monday, as contracts were up 45 cents to $1.10. USDA’s national base hog price was reported at $108.25 on Monday afternoon, up $1.52. The CME Lean Hog Index was up 15 cents at $110.25 on August 7. USDA’s FOB plant...
- Soybeans Correcting Lower Ahead of USDA Reports
- The soybean market is trading with Tuesday morning losses of 11 to 12 cents, as they correct lower ahead of this morning’s USDA release. Soybeans rallied on Monday, following a Social post from the President on Sunday night. Futures closed with 20 to 24 front month gains. Preliminray open interest...
- Cotton Extending Higher on Tuesday as Crop Ratings Drop
- Cotton price action is up 55 to 61 points on Tuesday as traders react to a drop in crop ratings. Futures rounded out the Monday session with contracts up 10 to 16 points in the front months. The thinly traded October contract was an exception, down 3 points. The US...
- Corn Pulling Back Leading into USDA Data
- Corn price action is back down 3 to 3 ½ cents early on Tuesday. Futures posted Monday strength, holding the gains into the close. Contracts were up 2 to 3 cents across most nearbys. Preliminary open interest was down 36,749 contracts on Monday, suggesting some short covering. The CmdtyView national...
USDA Reports