Market News
Cattle Bounce Back from Wednesday’s Overreaction
BarchartThu Apr 25, 4:51PM CDT
Live cattle had a back and forth trade on Thursday but settled near the highs with $1.60 to $2.67 gains. Cash trade kicked off with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a week ago. Northern...
Cotton Mixed Following Positive Export Sales Data
BarchartThu Apr 25, 4:51PM CDT
Cotton futures posted mixed action on Thursday, with contracts anywhere from up 38 points to 21 points lower. The outside market influences saw crude oil up $1.03/barrel and the US dollar index 260 points lower. Export Sales data from this morning saw an uptick to the old crop cotton bookings...
Hogs Pull Back on Thursday with Negotiated Weakness
BarchartThu Apr 25, 4:51PM CDT
Lean hogs fell $1.17 to $2.45 in the front months on Thursday, with the other contracts down 80 to 97 cents. USDA’s National Average Base Hog negotiated price was down $2.78 on Thursday afternoon, at $88.71. The CME Lean Hog Index was up 19 cents on April 23 at $91.64....
Wheat Continues Rally as Dryness Expands in Southern Plains
BarchartThu Apr 25, 4:51PM CDT
The wheat complex extended the bulls winning streak on Thursday. MPLS led the way this time, up 7 to 12 cents, with Kansas City 8 to 10 ½ cents higher in most contracts. Chicago futures were up 5 ¼ to 8 ¼ cents. This morning’s Drought Monitor showed 17.01% of...
Soybeans Come Back to Close Mixed
BarchartThu Apr 25, 4:51PM CDT
Soybeans rallied off the early midday losses by 10-13 cents on Thursday to close with front months down 1 to 3 ¼ cents and the September and beyond contracts up ½ to 2 ½ cents. May options expire on Friday. Soymeal ended the day with contracts down dime to $2.10/ton....
Corn Ends Higher, Helped by 10-week High in Export Sales
BarchartThu Apr 25, 4:51PM CDT
Corn rounded out the Tuesday session with contracts up 1 ¾ to 5 cents across the board. Futures were helped out by spillover support from wheat and positive Export Sales data. USDA reported corn bookings of 1.3 MMT for the week of 4/18 in this mornings’ Export Sales report. That...
Gold Price Retraces From Its All Time High, How Low Can It Go?
Zaye Capital MarketsThu Apr 25, 3:11PM CDT
The price of shinning metal is trading lower as investors continue to be more risk-takers in comparison to the previous weeks, when we saw the price of shinning metal rise through the roof. The metal is on track to post its first weekly loss in 5 weeks, but it may be a little premature to say this as we are only mid-week and some important economic data is about to hit the tape.
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Hogs Retreat Lower on Thursday
BarchartThu Apr 25, 11:57AM CDT
Lean hogs are down anywhere from 42 cents in the back months to $2.47 in the nearbys on Thursday. USDA’s National Average Base Hog negotiated price was down $2.45 on Thursday morning, at $88.58. The CME Lean Hog Index was up 19 cents on April 23 at $91.64. USDA reported...
Cattle Recovering From Wednesday’s Overreaction
BarchartThu Apr 25, 11:57AM CDT
Live cattle are up 80 cents to $1.12 so far at midday. A few cash sales have been reported in the South at $182 in TX and $182-183 in KS, even to $1 above a week ago. Northern trade has been unestablished, with bids of $183 reported. Feeders are trading...
Soybeans Continuing Slide on Product Pressure
BarchartThu Apr 25, 11:57AM CDT
Soybeans are trading 4 to 8 ½ cents lower so far on Thursday, as pressure from the product values is holding things back. Soymeal is showing losses of $3.30 to $3.60, with Soy Oil down 31 to 32 points at midday. Export Sales data showed just 210,899 MT of soybeans...
Cotton Slightly Higher After Decent Export Sales Data
BarchartThu Apr 25, 11:57AM CDT
Cotton futures are showing 1 to 184 point gains in the front months with some of the deferreds lower. The outside market influences are showing crude oil down 19 cents/barrel and the US dollar index 245 points lower. Export Sales data from this morning saw an uptick to the old...
Wheat Bulls Continuing Charge on Thursday
BarchartThu Apr 25, 11:57AM CDT
The wheat complex is trading with another round of strength on Thursday. Kansas City is up 8 to 9 cents at midday. Chicago contracts are 7 to 8 cents higher. MPLS spring wheat is up 6 to 8 cents on the day. All wheat sales for old crop were tallied...
Corn Posting Gains Following 10-week High in Export Business
BarchartThu Apr 25, 11:57AM CDT
Corn futures are showing gains of 2 to 3 ½ cents across the front months on Thursday, pulled up by spillover support from wheat and positive Export Sales data. USDA reported corn bookings of 1.3 MMT for the week of 4/18 in this mornings’ Export Sales report. That was a...
Oats measured after roll to July expiration
TradeGuidanceThu Apr 25, 10:49AM CDT
We analyze a potential trade with Oats