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Marketing Corner
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Alan Brugler
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Cattle Seeing Some Profit Taking with Friday Losses
BarchartFri Oct 10, 12:14PM CDT
Live cattle futures are down 85 to 95 cents on Friday, with October up 72 cents. There were no deliveries again for October live cattle again on Thursday, with the oldest long dated June 26. Cash trade has yet to pick up this week across the country, with a few...
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Wheat Posting Midday Losses on Friday
BarchartFri Oct 10, 12:14PM CDT
The wheat complex is falling on Friday’s midday, with all three markets taking losses. CBT soft red wheat futures are 7 to 9 cents in the red on Friday. Preliminary open interest was up 10,762 contracts. KC HRW futures are down 6 to 7 cents at midday. MPLS spring wheat...
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Hogs Slide Lower Continues on Friday
BarchartFri Oct 10, 12:14PM CDT
Lean hog futures are trading with 15 to 55 cent losses on Friday. USDA’s national base hog price from Friday morning was reported $96.91. The CME Lean Hog Index was down another 62 cents on October 8 at $100.08. USDA’s FOB plant report from Friday morning showed the pork cutout...
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Corn Posting Midday Losses on Friday
BarchartFri Oct 10, 12:14PM CDT
The corn market is falling in sympathy with the beans and facing some outside pressure on Friday, with contracts down 3 to 4 ½ cents at midday. The CmdtyView national average Cash Corn price is down 4 1/2 cents at $3.71 1/4. Spillover pressure from sharp losses on beans from...
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Soybeans Collapsing Back to the $10 Level Following President Trump Post
BarchartFri Oct 10, 12:14PM CDT
Soybeans are falling at midday, with losses of 16 to 17 cents so far on the day. The cmdtyView national average Cash Bean price is 16 3/4 cents lower at $9.30. Soymeal futures are down 90 cents to $1.80 in the front months. There were another 9 deliveries against October...
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Cotton Posting Friday Losses on Increases Trade Tensions
BarchartFri Oct 10, 12:14PM CDT
Cotton futures are down 55 to 64 points so far on Thursday. October expired today. The US dollar index is back down $0.525 on the Friday session to $98.760, with crude oil $2.55/barrel lower and below the $60 level. Earlier this morning, President Trump posted on Truth Social that China...
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Cattle Look to Friday After Week of Strength
BarchartFri Oct 10, 7:38AM CDT
Live cattle futures posted gains of $1.00 to $1.25 across most contracts on Thursday. There were no deliveries again for October live cattle again on Thursday, with the oldest long dated June 26. Cash trade has yet to pick up this week across the country, with a few $230 sales...
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Soybeans Falling on Friday AM Trade
BarchartFri Oct 10, 7:38AM CDT
Soybeans are trading with 7 to 8 cent losses on Friday morning. The soybean market closed 5 to 7 ¼ cents in the red on Thursday. Preliminary open interest suggested net new selling, down 16,427 contracts. The cmdtyView national average Cash Bean price was 6 cents lower at $9.47 3/4....
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Corn Starting Friday with Losses
BarchartFri Oct 10, 7:38AM CDT
Corn prices are down 1 to 2 cents across most contracts on Friday morning. Futures posted lower trade across the front months on Thursday, with losses of 3 to 4 cents. Preliminary open interest was up 6,338 contracts on Thursday. The CmdtyView national average Cash Corn price was down 4...
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Hog Bulls Looking for a Bounce on Friday
BarchartFri Oct 10, 7:38AM CDT
Lean hog futures saw pressure on Thursday, with contracts down 60 cents to $1.75 at the close. Open interest dropped 3,670 contracts on Thursday, indicating some long liquidation. USDA’s national base hog price from Thursday afternoon was down $2.72 at $96.33. The CME Lean Hog Index was down another 72...
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Cotton Falling Lower on Friday
BarchartFri Oct 10, 7:38AM CDT
Cotton prices are down 70 to 81 points on Friday morning. Futures posted losses across most contracts on Thursday, with front months down 42 to 44 points. October expired today. The US dollar index was back up $0.515 on the Thursday session to $99.150, with crude oil $1.03/barrel lower. Lack...
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Wheat Slipping Back Early on Friday
BarchartFri Oct 10, 7:38AM CDT
Wheat is showing weakness so far on Friday morning. The wheat complex was mixed on Thursday, as the winter wheats continue to grind lower. CBT soft red wheat futures were down fractionally to 1 ¼ cents on the day. Preliminary open interest was up 10,762 contracts. KC HRW futures were...
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Cotton Slips Back Lower on Thursday
BarchartThu Oct 9, 4:55PM CDT
Cotton futures posted losses across most contracts on Thursday, with front months down 42 to 44 points. October expired today. The US dollar index was back up $0.515 on the Thursday session to $99.150, with crude oil $1.03/barrel lower. The Cotlook A Index was back down 60 points on Wednesday...
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Feeders the Leaders on Thursday as the Cattle Rally Continues
BarchartThu Oct 9, 4:55PM CDT
no deliveries again for October live cattle again on Thursday, with the oldest long dated June 26. Cash trade has yet to pick up this week across the country, with a few $230 sales early this week in the North and other $230 bids being reported. The Thursday Fed Cattle...
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Soybeans Pull Back Lower on Thursday
BarchartThu Oct 9, 4:55PM CDT
The soybean market closed 5 to 7 ¼ cents in the red on Thursday. The cmdtyView national average Cash Bean price was 6 cents lower at $9.47 3/4. Soymeal futures were down 90 cents to $1.10 in the front months. There were another 61 deliveries against October meal overnight. Soy...
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