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Yahoo
10 hours ago
- Business
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Hogs Continues Mixed Action on Wednesday
Lean hog futures are mixed again at midday so far on Wednesday, with August up 12 cents and other front months down 7 to 50 cents. USDA's national base hog price had a weighted average of $114.77 on Wednesday morning, up 78 cents from the previous report. The CME Lean Hog Index was up 39 cents at $108.59 on July 21. Japan and the US agreed to a trade deal that was announced late on Tuesday. Tariffs will be set at 15% starting August 1. It also outlines Japan buying $8 billion in US ag goods. For reference, ag and related exports to Japan have historically ranged from $12 to 16 billion annually. More News from Barchart Coffee Prices Rise on Frost Threats in Brazil Frost Threats in Brazil Push Coffee Prices Sharply Higher Signs of Weak Chocolate Demand Undercut Cocoa Prices Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. USDA's Wednesday morning FOB plant pork cutout value was a penny higher at $118.16 per cwt. The loin, rib and belly primals were the only reported higher. USDA estimated hog slaughter at 476,000 head for Tuesday, with the weekly total estimated at 923,000 head. That was 8,000 head below last week and down 10,618 contracts from the same week last year. Aug 25 Hogs are at $107.875, up $0.125, Oct 25 Hogs are at $90.425, down $0.075 Dec 25 Hogs is at $82.350, down $0.500, 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
2 days ago
- Business
- Yahoo
Soybeans Losses Extend to Tuesday AM Trade
Soybeans are down 4 to 7 cents so far on Tuesday morning. Futures failed to see much buying out of the weekend, as contracts were down 9 to 13 cents at the close. Preliminary open interest was up 1,685 contracts in Monday, suggesting new selling interest. The cmdtyView national average new crop Cash Bean price is down 10 cents today at $9.76 1/4. Soymeal futures were up a dime. Soy Oil was 23 to 27 higher in the front months. The Monday afternoon Crop Progress report from USDA showed a total of 62% of the US bean crop blooming, with 26% setting pods. Condition ratings slipped 2% to 68% in good/excellent categories, as the Brugler500 was down 2 points to 373. More News from Barchart Brazil Coffee Harvest Pressures Slam Coffee Prices Brazil Coffee Harvest Pressures Hammer Prices Left for Dead, Grain Market Bulls Now Have a Pulse Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. USDA reported soybean export inspections for the week ending July 17 totaled 364,990 metric tonnes (MT), up modestly from 338,255 MT a year ago and sharply higher than the 151.346 MT reported last week (after today's revisions). Aug 25 Soybeans closed at $10.15, down 12 3/4 cents, currently down 7 1/4 cents Nearby Cash was $9.77 1/4, down 12 3/4 cents, Sep 25 Soybeans closed at $10.10 1/2, down 10 1/2 cents, currently down 4 1/2 cents Nov 25 Soybeans closed at $10.26, down 9 3/4 cents, currently down 4 cents New Crop Cash was $9.76 1/4, down 10 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 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
5 days ago
- Business
- Yahoo
Corn Bulls Pushing Higher into the Weekend
Corn price action is holding onto the Friday gains as shorts are coving ahead of the weekend, with contracts 6 to 7 cent higher at midday. The CmdtyView national average Cash Corn price is $3.95, with new crop at $3.86 1/2. The weather pattern for the next week continues to be a wet one from the Dakotas and Iowa to the Eastern Corn Belt. The forecast also calls for above normal temps for late July in parts of the country. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Dollar Strength Sparks Long Liquidation Pressures in Coffee Futures Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Export Sales data has both shipped and unshipped sales at 69.467 MMT, which is 99% of the current USDA forecast, lagging behind the 102% 5-year average pace. Shipments are 59.114 MMT, at 85% of the USDA numbers and behind the 88% pace. Sep 25 Corn is at $4.08 3/4, up 6 3/4 cents, Nearby Cash is at $3.95 0/1, up 6 3/4 cents, Dec 25 Corn is at $4.28, up 7 cents, Mar 26 Corn is at $4.45 1/4, up 7 cents, New Crop Cash is at $3.86 1/2, up 7 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
Yahoo
6 days ago
- Business
- Yahoo
Hogs Look to Close Out Week on Friday
Lean hog futures closed the Thursday session Thursday $1.40 to $1.90 higher. USDA's national base hog price had a weighted average of $110.70 on Thursday afternoon, down $2.02 from Wednesday. The CME Lean Hog Index was up a penny at $107.20 on July 15. USDA's FOB plant pork cutout value for Thursday morning was $1.58 higher at $116.32 per cwt. The rib was the only primal reported lower. Thursday's USDA estimated hog slaughter was 473,000 head, taking the weekly total to 1.870 million head. That was 21,000 head below last week and 38,059 head lower than the same week last year. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Dollar Strength Sparks Long Liquidation Pressures in Coffee Futures 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! USDA reported weekly pork export sales were 17,100 MT in the week ending July 10. That was down about 30% from the previous week Mexico and Japan were the lead buyers. Export shipments for the week totaled 26,500 MT with the largest quantities going to Mexico and China. Aug 25 Hogs closed at $105.825, up $1.400, Oct 25 Hogs closed at $90.600, up $1.900 Dec 25 Hogs closed at $82.325, up $1.875, 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
6 days ago
- Business
- Yahoo
Soybeans Extending Pop on Thursday, Pulled Along by BO
Soybeans are up 7 to 8 cents across most nearby contracts at midday on Thursday. Futures are extending gains from the Wednesday rally, when contracts were up 18 to 19 cents at the close. Preliminary open interest showed new buying interest, up 8,888 contracts. The cmdtyView national average new crop Cash Bean price is up 5 ¼ cents today at $9.785. Soymeal futures are drifting $1.30/ton lower today, while Soy Oil is sharply higher. BO futures are up 1.45 to 1.55 cents per pound on firm energy prices and decent export sales. Analysts expected to see between 200,000 and 600,000 MT of 2024/25 soybean business in the week ending on July 10. New crop export sales were seen at 400,000-900,000 MT. Meal export sales were expected to total between 200,000 MT and 700,000 for the two marketings years, with Bean oil business 0 to 23,000 MT. More News from Barchart Arabica Coffee Resumes Climb on Dry Brazil Weather Bears Have the Advantage as Arabica Coffee Falls. Here Are the Levels to Watch Before You Sell. Cocoa Prices Fall on Expectations for Weak Q2 Demand Figures Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! This morning, USDA indicated that old crop bean sales totaled 271,900 MT for the week ending July 10, with net sales of 529,600 MT for 2025/26 marketing year delivery. Both were thus within trade expectations. Combined old and new crop soy meal bookings totaled 530,500 MT. Soy oil export sales were a market neutral 7,900 MT, but well above the 4 week moving average. Venezuela and Mexico were the primary destinations. Aug 25 Soybeans are at $10.21, up 7 1/2 cents, Nearby Cash is at $9.83, up 7 1/2 cents, Sep 25 Soybeans are at $10.12 1/2, up 6 3/4 cents, Jan 26 Soybeans are at $10.44 1/2, up 7 1/2 cents, New Crop Cash is at $9.79, up 6 3/4 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
