Latest news with #AustinSchroeder
Yahoo
13 hours ago
- Business
- Yahoo
Cattle Pulling Off Early Session Highs on Monday
Live cattle futures are trading with 97 cent to $1.15 gains on Monday, after gapping higher at the open. Cash activity settled in at $230-232 in the South last week, with $240-245 in the North. Feeder cattle futures are 70 cents to $1.10 higher at midday. The CME Feeder Cattle Index was back up $2.65 to $328.83 on July 24. The Monday OKC feeder cattle auction has an estimated 3,000 head for sale, with early action noted stronger. Cattle on Feed data showed June placements down 7.86% from last year at 1.411 million head and well below estimates. Marketings were 1.707 million head and 4.42% below June 2024. July 1 on feed was tallied at 11.195 million head, down 0.96% from a year ago. The bi-annual July Cattle Inventory report was released after a hiatus last year, with July 1 beef cow inventory down 1.2% from 2023 at 28.65 million head. Beef replacement heifers were 5.1% below 2023 at 3.7 million head. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Weather Shocks vs. Oversupply: Are You Trading SRW Wheat's Next Big Move? Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. June beef stocks were tallied at 395.678 million lbs according to Cold Storage data. That was a 2.98% decline from May and 0.92% below last year. USDA Wholesale Boxed Beef prices were back higher in the Monday AM report, with the Chc/Sel spread at $20.90. Choice boxes were quoted $1.13 higher at $367.81, while Select was down $2.04 to $346.91. USDA estimated cattle slaughter for last week at 549,000 head. That was down 14,000 head from last week and 56,176 head lower vs. the same week in 2024. Aug 25 Live Cattle are at $227.500, up $1.025, Oct 25 Live Cattle are at $224.125, up $0.975, Dec 25 Live Cattle are at $224.625, up $1.150, Aug 25 Feeder Cattle are at $332.075, up $0.700 Sep 25 Feeder Cattle are at $333.200, up $1.000 Oct 25 Feeder Cattle are at $332.100, up $1.100 On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
13 hours ago
- Business
- Yahoo
Soybean Bulls Tripping Up on Monday
Soybeans are down 9 to 10 cents across the front months on Monday. The cmdtyView national average new crop Cash Bean price is down 9 1/4 cents at $9.60 1/2. Soymeal futures are fading lower, with contracts $1.90 to $2.10. Soy Oil was is 2 to 6 points higher at midday. This morning's Export Inspections report showed a total of 409,714 (15.05 mbu) of soybeans shipped in the week of 7/24. That is up 8.7% from last week and 0.3% above the same week in 2024. Egypt was the top destination of 154,434 MT, with 75,603 MT headed to Netherlands and 72,432 MT to Mexico. Marketing year shipments are now at 47.2 MMT (1.734 bbu), which is 10.4% above the same period last year. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Weather Shocks vs. Oversupply: Are You Trading SRW Wheat's Next Big Move? Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The US and EU announced the framework for a trade agreement over the weekend, which includes 15% US tariffs on most EU goods, $750 billion in US energy purchases over 3 years, and EU lowering some tariffs on US ag goods. Nothing is official, nor has much been announced in relation to ag. The US and China are also expected to extend the pause on increased tariffs for another 90 days, as the two countries meeting is expected to resume today in Sweden. Weekly Commitment of Traders data indicated a total of 21,412 contracts were cut from the managed money net short position in soybean futures and options as of July 22. That took their net position to 10,886 contracts by Tuesday. Over the weekend, President Milei of Argentina announced a reduction in the export tax on soybeans back to 26%, from 33%, with meal and oil dropping from 31% to 24.5%. Aug 25 Soybeans are at $9.88 1/2, down 10 1/4 cents, Nearby Cash is at $9.55 1/4, down 10 cents, Sep 25 Soybeans are at $9.92, down 10 cents, Nov 25 Soybeans are at $10.11 1/4, down 9 3/4 cents, New Crop Cash is at $9.60 1/2, down 9 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
13 hours ago
- Business
- Yahoo
Hogs Continue Mixed Trade on Monday
Lean hog futures are showing mixed action on Monday, with October down a tick and December up 35 cents. USDA's national base hog price had a weighted average of $109.02 in the Monday AM report, down 24 cents from the previous report. The CME Lean Hog Index was up 33 cents at $110.28 on July 24. Monthly Cold Storage data from USDA showed a total of 422.29 million lbs of pork stocks on hand as of June 30. That was down 6.32% from May and 11.1% below last year. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Weather Shocks vs. Oversupply: Are You Trading SRW Wheat's Next Big Move? Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Weekly CFTC data showed managed money trimming another 4,186 contracts from their net long position as of Tuesday to 110,407 contracts. USDA's Monday morning FOB plant pork cutout value was $2.20 higher at $121.06 per cwt. All primals except the butt were reported higher, led by a $7.64 gain in the belly. USDA estimated hog slaughter at 2.338 million head for last week's total. That was 4,000 head below last week and down 100,899 head from the same week last year. Aug 25 Hogs are at $108.700, up $0.000, Oct 25 Hogs are at $90.575, down $0.025 Dec 25 Hogs is at $82.600, up $0.350, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 hours ago
- Business
- Yahoo
Cotton Holding Gains on Monday's Midday
Cotton futures are trading with 18 to 25 point gains across the front months on Monday, despite mixed outside factors. Crude oil futures are $1.34/barrel higher. The US dollar index is rallying, up $0.896 to $98.295. Commitment of Traders data showed spec traders adding a total of 1,415 contracts to their net short position as of July 22 to a net 39,879 contracts. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Weather Shocks vs. Oversupply: Are You Trading SRW Wheat's Next Big Move? Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The Seam showed sales of 125 bales on Friday, with an average price of 57 cents/lb. The Cotlook A Index was up 50 points at 79.20 cents on July 25. ICE cotton stocks were steady on 7/25, with the certified stocks level at 21,617 bales. USDA's Adjusted World Price (AWP) was up 23 points last Thursday at 54.95 cents/lb. It is good through this Thursday. Oct 25 Cotton is at 67.26, up 25 points, Dec 25 Cotton is at 68.42, up 19 points, Mar 26 Cotton is at 69.83, up 18 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 hours ago
- Business
- Yahoo
Wheat Showing Mixed Action on Monday
The wheat complex is mixed on Monday. Chicago SRW futures are steady to fractionally higher across most contracts at midday. KC contracts are fractionally higher in the nearbys on Monday. MPLS spring wheat is down 2 to 3 cents across most contracts at midday Export Inspections data showed 288,793 MT (10.61 mbu) of wheat shipped in the week that ended on July 24, which was up less than half of the week prior and still down 38.33% from the same week last year. Nigeria was the top destination of 55,377 MT, with 51,159 MT headed to Japan and 47,409 MT to Mexico. Marketing year shipments have totaled 3.31 MMT (17.21 mbu) since June 1, 5.92% larger yr/yr. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Weather Shocks vs. Oversupply: Are You Trading SRW Wheat's Next Big Move? Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Friday afternoon's Commitment of Traders report showed a total of 8,446 contracts trimmed from the spec fund net short position in CBT wheat futures and options as of July 22 to 52,041 contracts. In KC wheat, managed money was net short 43,959 contracts, a reduction of 4,043 contracts on the week. Sep 25 CBOT Wheat is at $5.38 1/4, unch, Dec 25 CBOT Wheat is at $5.58 1/2, up 1/4 cent, Sep 25 KCBT Wheat is at $5.27 1/4, up 3/4 cent, Dec 25 KCBT Wheat is at $5.48, up 1/4 cent, Sep 25 MGEX Wheat is at $5.81 3/4, down 3 cents, Dec 25 MGEX Wheat is at $6.03 3/4, down 2 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
