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Marketing Corner
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Alan Brugler
Cattle Closes Mixed, CoF Data Seen as Bull Friendly
BarchartFri Apr 19, 4:51PM CDT
Live cattle closed the Friday session with most contracts steady 30 cents higher ahead of the Cattle on Feed report. A few 2025 contracts were down a nickel. Cash action picked up in Friday, with some $183 live and $292 dressed action reported in the North, down $1 from last...
Soybeans Recover on Friday with Double Digit Front Month Gains
BarchartFri Apr 19, 4:51PM CDT
Soybeans posted 7 ¾ to 16 ¾ cent gains across the board on Friday to ease the week’s losses. Soymeal was up $3.50 to $5.80 heading into the weekend. Soy Oil saw 16 to 28 point gains on the day. A private export sale ofo121,500 MT of soybeans was reported...
Wheat Posts Gains on Friday, Led by Chicago
BarchartFri Apr 19, 4:51PM CDT
The wheat market was on a rally train on Friday, as Chicago led the complex with 13 ½ to 17 ¼ cent gains. Kansas city tagged along on the bull fun, with contracts up 4 ¼ to 7 ¾ cents at the close. MPLS spring wheat contracts pushed 5 to...
Hogs Rally into Weekend
BarchartFri Apr 19, 4:51PM CDT
Lean hogs posted gains of as little as 60 cents in the deferred contracts to $2.27 in the nearbys. USDA’s National Average Base Hog negotiated price was down $1.29 in the Friday afternoon report at $88.49. The CME Lean Hog Index was another dime higher at $91.46 on April 17....
Corn Rally into Weekend with Export Business and EPA Announcement
BarchartFri Apr 19, 4:51PM CDT
Corn futures closed out the week parring back the losses on Friday, as contracts were up 3 ½ to 6 ¾ cents across the board. May was up 6 ¾, with December up 6 ¼ cents to close out the day. The EPA today issued an emergency waiver to allow...
Cotton Ends the Week on a Higher Note
BarchartFri Apr 19, 4:51PM CDT
The cotton market was mostly higher on Friday, with the exception to a couple ’25 contracts. Most were up 3 to 59 points on the day, led by the nearbys. Crude oil futures had a volatile Friday session and closed up 46 cents after collapsing of the overnight highs. That...
Corn Heading Higher Following EPA Announcement
BarchartFri Apr 19, 11:52AM CDT
Midday action in the corn market has futures with 5 to 7 cent gains across most front months. The EPA today issued an emergency waiver to allow sales of E15 this summer. The waiver overrides the current policy that prohibits summer sales beginning on June 1 from retailers. USDA reported...
Wheat Still Higher at Midday
BarchartFri Apr 19, 11:52AM CDT
Despite pulling off the overnight highs by 15-20 cents across some contracts, the wheat complex is still in the green on Friday. Chicago contracts are leading the way, with 9 to 10 cent gains in the front months. MPLS is next in line, with 5 to 7 cent gains. Kansas...
Soybeans Rallying Double Digits into the Weekend
BarchartFri Apr 19, 11:52AM CDT
Soybeans are posting double digit gains across the front months on Friday, with gains of 10 to 14 cents. Soymeal is up $5.60 to $6 in the nearbys at midday. Soy Oil is 6 to 7 points higher so far. A private export sale ofo121,500 MT of soybeans was reported...
Hogs Rallying on Friday
BarchartFri Apr 19, 11:52AM CDT
Lean hogs are posting a midday rally, with contracts up $1.30 to $2.02. USDA’s National Average Base Hog negotiated price was down $1.80 in the Friday morning report at $88.69. The CME Lean Hog Index was another dime higher at $91.46 on April 17. China’s ministry of ag reported the...
Cotton Modestly Higher at Midday
BarchartFri Apr 19, 11:52AM CDT
The cotton market is trading 2 to 72 points higher to round out the week. Crude oil futures had a volatile night, and are back up 33 cents at midday, with the morning lows more than $4 off the overnight highs. That was after after reports of several presumed Israeli...
Cattle Squaring Up Ahead of CoF Data
BarchartFri Apr 19, 11:52AM CDT
Live cattle traders are squaring their positions ahead of this afternoons Cattle on Feed report with contracts anywhere form 25 cents higher to 55 cents lower. Cash action has been quiet so far this week, with some $183 live and $292 dressed action reported in the North, down $1 from...
Cotton Showing Slight Gains on Friday Morning
BarchartFri Apr 19, 7:27AM CDT
The cotton market is trading higher to round out the week, with gains of 13 to 63 points this morning. Futures posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts...
Soybeans Higher Following Overnight Trade
BarchartFri Apr 19, 7:27AM CDT
Soybeans are trading 3 to 4 cents higher following overnight trade. They pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was...
Hogs Ready to Round Out the Week
BarchartFri Apr 19, 7:27AM CDT
Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. USDA’s National Average Base Hog negotiated price was up 65 cents at $89.78 in the Thursday afternoon report. The CME Lean Hog Index...
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