Hogs Retreat Lower on Thursday
Barchart1 minute ago
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...
Corn Posting Gains Following 10-week High in Export Business
Barchart1 minute ago
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...
Cotton Slightly Higher After Decent Export Sales Data
Barchart1 minute ago
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...
Soybeans Continuing Slide on Product Pressure
Barchart1 minute ago
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...
Wheat Bulls Continuing Charge on Thursday
Barchart1 minute ago
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...
Cattle Recovering From Wednesday’s Overreaction
Barchart1 minute ago
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...
Cotton Slightly Higher After Decent Export Sales Data
Barchart1 minute ago
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...
Corn Posting Gains Following 10-week High in Export Business
Barchart1 minute ago
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...
Midday cash livestock markets
Brownfield Ag News4 minutes ago
There’s another light round of direct cattle business following the light round of business that took place on Wednesday. Live deals in the South are at $182, fully steady to $1 higher than yesterday and the prior week’s weighted averages. Bids are at $290 dressed. Asking prices are at $184-plus...
Sugar Prices Slide as Conab Projects Record 2024/25 Sugar Production in Brazil
Barchart15 minutes ago
May NY world sugar #11 (SBK24 ) this morning is down -0.32 (-1.60%), and Aug London ICE white sugar #5 (SWQ24 ) is down -8.30 (-1.44%). Sugar prices retreated today based on the outlook for a larger sugar output in Brazil. Conab, Brazil's crop agency, projected today that Brazil's 2024/25...