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Alan Brugler Headlines
Cotton Sneaking Back Higher on Wednesday
Cotton futures are back up 30 to 45 points on Wednesday, with July expiring today. Crude oil is up another 47 cents/barrel at $68.80, with the US dollar index $0.043 higher to $97.255. Tuesday’s online auction from The Seam showed sales of 2,465 bales at an average price of 65.44...
Wheat Trying to Push Higher on Wednesday
The wheat complex is posting slight strength on Wednesday. Chicago SRW wheat is up 1 to 2 cents. KC HRW contracts are showing fractional gains at midday. There were 4 deliveries issued for July KC wheat this morning. MPLS spring wheat is up 2 to 4 cents on Wednesday. President...
Corn Trying to Put Together a Midweek Bounce
Corn is trading with gains of 1 to 3 cents across the front months at Wednesday’s midday in an attempt by September to claw its way back above $4. The front month CmdtyView national average Cash Corn price is up 2 ½ cents at $3.86. Wednesday morning’s weekly EIA report...
Soybeans Still Feeling Pressure on Wednesday
Soybeans are posting 5 to 8 cent losses across the nearby contracts on Wednesday. The cmdtyView national average Cash Bean price is down 8 cents at $9.73. Soymeal futures were down $1.20/ton, as Soy Oil is 56 to 73 points. Another 139 deliveries were issued against July meal futures overnight,...
Hog Bulls Pushing Back on Wednesday
Lean hog futures are trading 30 cents to $1 higher at Wednesday’s midday. USDA’s national base hog price was reported at $111.81 on Wednesday morning. The CME Lean Hog Index was down $1.00 at $107.33 on July 7. USDA’s Wednesday AM FOB plant pork cutout value was back up $1.38...
Cattle Extending Push to Contract Highs on Wednesday
Live cattle futures are 22 cents to $1 higher on Wednesday. Cash trade saw very light $225 Southern action reported on Tuesday. The Wednesday morning Fed Cattle Exchange online auction from Central Stockyards, showed no sales on the 928 head, with bids of just $220. Feeder cattle futures are up...

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