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a day ago
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Cotton Rallies as USDA Production Cut
Cotton futures were in rally mode on Tuesday, as USDA played a supportive role. Contracts were up 161 to 178 points at the close. The US dollar index was back down $0.466 to $97.895, as crude oil futures were down 86 cents. USDA showed a total of 840,000 planted acres and 1.3 million harvested acres cut from cotton this morning with yield up 53 lbs to 862 lbs/ac. Production was still trimmed by 1.39 million bales to 13.21 million bales. That mixed with a 100,000 bale cut to old crop stocks to 4 million bales, helped to tighten the new crop stocks. That was down 1 million bales to 3.6 million with a 500,000 bale cut to exports. More News from Barchart Coffee Prices Settle Sharply Higher as Supplies Tighten Grain Traders Await Key USDA Report on August 12. Big US Corn, Soybean Crops Expected. Cocoa Prices Rally on Dry West African Weather Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. The weekly Crop Progress report from NASS showed conditions down 2% at 53% gd/ex, with the Brugler500 index falling 7 points to 338. Conditions in TX were down 8, with GA slipping 3 points. The Seam reported 2,638 bales sold on the Monday online auction at an average price of 70.47 cents/lb. The Cotlook A Index was back up 25 points at 78.00 cents on August 11. ICE cotton stocks were steady on 8/11, with the certified stocks level at 18,242 bales. USDA's Adjusted World Price (AWP) was down 13 points on Thursday afternoon at 54.39 cents/lb. Oct 25 Cotton closed at 67.07, up 178 points, Dec 25 Cotton closed at 68.39, up 163 points, Mar 26 Cotton closed at 69.84, up 161 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
a day ago
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Corn Hits New Lows as USDA Raises Yield and Acreage
Corn futures fell lower on Tuesday as USDA added more than 1 billion bushels to the balance sheet. Contracts closed with losses of 12 to 13 ½ cents. The CmdtyView national average Cash Corn price was down 13 1/4 cents at $3.54 1/4. USDA reported a private export sale this morning of 315,488 MT of corn to Mexico, with 20,830 MT for old crop and 294,658 MT for 2025/26. More News from Barchart Coffee Prices Settle Sharply Higher as Supplies Tighten Grain Traders Await Key USDA Report on August 12. Big US Corn, Soybean Crops Expected. Cocoa Prices Rally on Dry West African Weather Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This morning's USDA Crop Production report showed the national corn yield at 188.8 bpa this morning, which was above the trade ideas of 184.3. Production was pegged at 16.742 billion bushels, up 1.037 bbu from last month's WASDE total. Acreage was a big reason as a surprising 2.1 million planted acres were added this month to 97.3 million acres. Via the WASDE, old crop corn stocks were pegged at 1.305 bbu, down 35 mbu from last month, as exports were raised by 70 mby, with corn used in ethanol trimmed back. With the production changes, new crop was up 457 mbu to 2.117 bbu. World stocks for the 2025/26 marketing year were 10.46 MMT higher to 282.54 MMT. Old crop production for Brazil was unchanged at 132 MMT. Crop Progress data showed US corn condition ratings slipping 1 point this week, to 72% gd/ex and 383 on the Brugler500 index. Improvement was noted in IN, IA, an MN, all up 2. Deterioration was seen in IL, down 10 points, MI, 19 points lower, with MO falling 7, OH down 8 and ND slipping 9. A South Korean importer purchased a total of 65,000 MT of corn in a tender overnight. ANEC estimates the August corn export total for Brazil at 7.97 MMT, a 0.39 MMT increase from their previous number and would be 1.9 MMT above the same month last year. Sep 25 Corn closed at $3.71 1/2, down 13 1/2 cents, Nearby Cash was $3.54 1/4, down 13 1/4 cents, Dec 25 Corn closed at $3.94 1/2, down 13 1/4 cents, Mar 26 Corn closed at $4.12 1/4, down 13 cents, New Crop Cash was $3.51 5/8, down 13 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 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
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Hogs Showing Steady Trade on Tuesday
Lean hog futures are steady so far on Tuesday, with contracts up a tick to 50 cents lower in the front months. USDA's national base hog price was reported at $106.35 on Tuesday morning, down $2.42. The CME Lean Hog Index was down 23 cents at $110.02 on August 8. USDA's FOB plant pork cutout report from Tuesday AM was back down $2.91 at $116.18 per cwt. The rib and butt were reported higher, with the rest seen lower, led by the belly, down $8.05. USDA estimated hog slaughter at 482,000 head for Monday. That was 57,000 head above last week but down 2,430 head from the same week last year. More News from Barchart Coffee Prices Settle Sharply Higher as Supplies Tighten Grain Traders Await Key USDA Report on August 12. Big US Corn, Soybean Crops Expected. What Game Is Being Played in Grains Early Monday Morning? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Aug 25 Hogs are at $109.700, up $0.025, Oct 25 Hogs are at $91.775, down $0.000 Dec 25 Hogs is at $83.725, 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
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a day ago
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Corn Falling a Midday as USDA Throws Fuel on the Bear's Fire
Corn futures are trading with Tuesday losses of 11 to 12 cents across the front months at midday, following more than 1 billion bushels added to the balance sheet bet the USDA. The CmdtyView national average Cash Corn price was down 12 cents at $3.56 1/2. USDA reported a private export sale this morning of 315,488 MT of corn to Mexico, with 20,830 MT for old crop and 294,658 MT for 2025/26. More News from Barchart Coffee Prices Settle Sharply Higher as Supplies Tighten Grain Traders Await Key USDA Report on August 12. Big US Corn, Soybean Crops Expected. What Game Is Being Played in Grains Early Monday Morning? 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! This morning's USDA Crop Production report showed the national corn yield at 188.8 bpa this morning, which was above the trade ideas of 184.3. Production was pegged at 16.742 billion bushels, up 1.037 bbu from last month's WASDE total. Acreage was a big reason as a surprising 2.1 million planted acres were added this month to 97.3 million acres. Via the WASDE, old crop corn stocks were pegged at 1.305 bbu, down 35 mbu from last month, as exports were raised by 70 mby, with corn used in ethanol trimmed back. With the production changes, new crop was up 457 mbu to 2.117 bbu. World stocks for the 2025/26 marketing year were 10.46 MMT higher to 282.54 MMT. Old crop production for Brazil was unchanged at 132 MMT. Crop Progress data showed the US corn crop at 94% silking, with 58% in the dough stage. The crop was also listed at 14% dented as of Sunday. Conditions slipped 1 point this week, to 72% gd/ex and 383 on the Brugler500 index. Improvement was noted in IN, IA, an MN, all up 2. Deterioration was seen in IL, down 10 points, MI, 19 points lower, with MO falling 7, OH down 8 and ND slipping 9. A South Korean importer purchased a total of 65,000 MT of corn in a tender overnight. ANEC estimates the August corn export total for Brazil at 7.97 MMT, a 0.39 MMT increase from their previous number and would be 1.9 MMT above the same month last year. Sep 25 Corn is at $3.73, down 12 cents, Nearby Cash is at $3.56 1/2, down 12 cents, Dec 25 Corn is at $3.96, down 11 3/4 cents, Mar 26 Corn is at $4.13 1/2, down 11 3/4 cents, New Crop Cash is at $3.53 3/4, down 11 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
