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Alan Brugler Headlines
Wheat Posts Wednesday Gains at the Close
The wheat market held onto some gains on the Wednesday session with spring wheat leading the charge. Chicago SRW futures were up 1 to 2 cents at the close. Kansas City HRW contracts are were firmer, with just fractional gains on the day. Minneapolis spring wheat futures were the bull...
Cotton Gives into Weakness on Wednesday
Cotton futures closed Wednesday with contracts down 22 to 26 points in the front months, as the outside markets were mixed. Crude oil prices were back up $0.96 on the day, with the US dollar index $0.390 higher to $99.815. Weekly NASS Crop Progress data showed 52% of the crop...
Cattle Continue Pullback to Wednesday
Live cattle futures posted Wednesday losses $1 to $1.20 in the front months. Cash trade this week has been slow, with very light trade picked up in KS at $220 today. The Wednesday morning Fed Cattle Exchange online auction showed no sales on 1,546 head offered, with bids ranging from...
Corn Posts Weakness on Wednesday
Corn futures closed out the Wednesday session with weaker trade, as contracts were down 3 to 8 ½ cents at the close. A light news day and rains in the forecast added to some bearish movement. The front month CmdtyView national average Cash Corn price was down 8 1/2 cent...
Hogs Post Triple Digit Pop on Wednesday, as Cash Strengthens
Lean hog futures were $1.15 to $1.35 higher on Wednesday. USDA’s national average base hog negotiated price was reported at $98.29 on Wednesday afternoon, above the 5-day rolling average at $96.98. The CME Lean Hog Index was up another 11 cents on May 26, at $93.05. USDA’s FOB plant pork...
Soybeans Pullback into Wednesday’s Close
Soybean futures settled Wednesday with 12 to 14 cent losses, as weaker products and lack of bullish news sent the market lower. The cmdtyView Cash Bean price was down 13 1/4 cents to $10.02 3/4. Soymeal futures were down $1.90 to $2.60/ton on the day, with Soy Oil futures 44...

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