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Alan Brugler

Fri, Jun 23rd, 2023

Alan Brugler

Alan Brugler

Alan is an ag commodity industry icon, with over 1,700 speeches and presentations to ag and commodity audiences on his resume. He began Brugler Marketing and Management in 2002, following successful careers as a marketing educator, writer, and analyst at Data Transmission Network (DTN) and the Ohio Farm Bureau Federation. He is a guest technical analysis instructor for the Texas Master Marketer and Kansas State International Grains (IGP) program. 

 

Brugler Marketing provides fundamental and technical analysis of the commodities markets, risk management advice and consulting, training on the use of price risk management tools, and outlook and educational seminars for businesses and individuals involved in the food and agriculture sector worldwide. Brugler analysis and commentary is jointly produced by a team of analysts including Alan, Austin Schroeder, and Ryan Nielsen. 

Most Recent Stories

Cotton Saw 13-Week Lows on Friday

Friday’s red session left the cotton market net weaker for the week. December gave back 148 points on Friday to close 143 points below last week. Dec also saw the lowest prints on Friday since March...

CTN23 : 78.06s (-1.55%)
CTV23 : 79.83s (-2.40%)
CTZ23 : 78.67s (-1.85%)
Hogs Finish Friday on Both Sides of UNCH

The Friday closes reflected the week’s net move, as June and August went into the weekend with 57 and 30 cent losses respectively to the deferred contracts’ 12 to 50 cent gains. July hogs were down...

HEN23 : 91.275s (-0.63%)
HEV23 : 79.975s (+0.16%)
KMN23 : 96.350s (-0.62%)
Friday Cattle Futures Close Mixed

The live cattle futures market ended the day with nearby losses of 15 to 37 cents, but deferred contract gains of less than 10 cents. USDA called the week’s cash market at $184 for the WCB, and $180...

LEM23 : 177.500s (-0.08%)
LEQ23 : 170.775s (-0.22%)
LEV23 : 174.500s (-0.10%)
GFQ23 : 233.950s (+1.42%)
GFU23 : 237.700s (+1.35%)
Wheat Futures Faded into the Weekend

The wheat markets ended with some double digit losses on Friday. CBT SRW prices were down 12 to 13 1/2 cents, though July was still at a net 45 cent gain for the week. KC futures closed 11 1/2 to 15 1/4...

ZWN23 : 733-2s (-0.78%)
ZWU23 : 746-4s (-0.83%)
ZWPAES.CM : 6.8691 (-0.85%)
KEN23 : 859-0s (-1.38%)
KEPAWS.CM : 8.1618 (-1.46%)
MWN23 : 864-6s (-1.73%)
Red Finish for Volatile Soy Week

Soybeans ended the last trade day of the week with 9 1/4 to 33 1/4 cent losses. For July that minimized the week’s net gain to 28 cents, but for Nov futures it flipped the board a net 32 cents below...

ZSN23 : 1494-4s (-0.40%)
ZSPAUS.CM : 14.2565 (-1.00%)
ZSQ23 : 1404-0s (-1.00%)
ZSU23 : 1321-4s (-1.95%)
Corn Posts Net Loss for Week

Despite the strength to start the week, the Thursday and Friday selloff flipped the board to a net loss for the week. Futures were down another 4% to 4.9% on Friday, leaving both July and Dec 9 1/2 cents...

ZCN23 : 630-6s (-4.50%)
ZCPAUS.CM : 6.2593 (-5.06%)
ZCU23 : 584-6s (-5.23%)
ZCZ23 : 588-0s (-5.28%)
Cotton Extending Weakness through Friday

Front month cotton futures are pushing the downside further into the weekend with midday losses of as much as 184 points in new crop. July quotes are seeing a little less sell pressure, with a 98 point...

CTN23 : 78.06s (-1.55%)
CTV23 : 79.83s (-2.40%)
CTZ23 : 78.67s (-1.85%)
Friday Hog Futures Trading Mixed at Midday

So far through the Friday session front month lean hog futures are within 30 cents of UNCH. The October and December contracts are lightly in the red. USDA’s National Average Morning Base Hog price was...

HEN23 : 91.275s (-0.63%)
HEV23 : 79.975s (+0.16%)
KMN23 : 96.350s (-0.62%)
Mixed Cattle Market through Midday

With a week left in the contract and no deliveries thus far, June cattle futures are down by 15 cents through midday. The August and October contracts are also 10-20 cents weaker as the deferred futures...

LEM23 : 177.500s (-0.08%)
LEQ23 : 170.775s (-0.22%)
LEV23 : 174.500s (-0.10%)
LEY00 : 180.000s (unch)
GFQ23 : 233.950s (+1.42%)
GFU23 : 237.700s (+1.35%)
Wheat Joining the Drop on Friday

Wheat futures have joined the drop seen in corn and soybean futures late this week, following the relative strength on Thursday. Friday’s midday SRW quotes are down by 12 to 13 1/2 cents. Front month...

ZWN23 : 733-2s (-0.78%)
ZWU23 : 746-4s (-0.83%)
ZWPAES.CM : 6.8691 (-0.85%)
KEN23 : 859-0s (-1.38%)
KEPAWS.CM : 8.1618 (-1.46%)
MWN23 : 864-6s (-1.73%)

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December Corn closed at 584-2, a drop of 5.88% and the largest one day drop in the contract's history https://t.co/NipndXULeL
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Long time investor Ron Baron says the Dow Jones will hit 900,000 over the next 5 decades https://t.co/BCqhgL06dQ
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Ethereum $ETH could hit $50,000 by 2030 according to VanEck Investment Management https://t.co/XRBVScw1v2
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Nasdaq 100 $IUXX is on track for its best first half of the year since 1999 https://t.co/qor1kuLLQg
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Oracle Insider Trading Alert 🚨 For the first time in 2 years, Oracle Founder and Chairman Larry Ellison sold share… https://t.co/Q2B4zhxpZA
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The Nasdaq's longest consecutive weekly winning streak since November 2019, 8 weeks, has finally come to an end… https://t.co/t31HeSPoqz
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UFC president Dana White says Tesla $TSLA CEO Elon Musk and Meta Platforms $META CEO Mark Zuckerberg are serious ab… https://t.co/BB8TRTBSUv
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ETFs w/ most active options trading: $SPY - 7.588M $QQQ - 2.913M $IWM - 978k $HYG - 312k $TQQQ - 310k $SQQQ - 260k… https://t.co/h7f71TiuHl
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Stocks w/ most active options trading: $TSLA - 3.516M $AMZN - 1.490M $AAPL - 995k $NVDA - 965k $AMD - 906k $META -… https://t.co/rLDnZdGSPx
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The S&P 500 will generate returns of just 2% (after inflation) annually over the next decade warns top forecaster R… https://t.co/gq4aou543b
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RT @Barchart: Retail Investors purchased $1.5 billion worth of single stocks for the week ended Tuesday, an all-time record. And of course…
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% of Large Cap Stocks Above Their Moving Averages https://t.co/6HMmXDZctv
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A historical look at how the Nasdaq reacts after getting too far extended above the 40-week moving average https://t.co/r7LQKPXqs4
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@luckycharmsyo Usually these charts will show the source in the bottom left, this one comes from JP Morgan
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The 3 stocks were $NVDA $TSLA $AAPL - @luckycharmsyo
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Treasury Secretary Janet Yellen expects banks to face earnings pressure which could result in more bank mergers https://t.co/TGZdFR290O
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The probability of a recession hit a record high last year but has since trended lower. Remember that recessions d… https://t.co/V8LHH92KCe
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Amazon $AMZN call options volume surges after the company says the magical word, "AI" https://t.co/NkfMxBmbNb
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The island nation of Palau is selling 'digital residencies" that cost $248 annually and would reportedly allow user… https://t.co/vX4NC2S3cU
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Stock Market Fear & Greed Index = 74 (Greed) Goodbye Extreme Greed!! It's been a pleasure 🫡 https://t.co/Te8pMCstTR
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