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Alan Brugler

Thu, May 25th, 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

Mixed Morning for Cotton Market

Morning cotton prices are currently on both sides of UNCH, as the market initially pushed lower overnight but has since firmed up. The front month cotton futures dropped 1.9% to 3.3% on Wednesday with...

CTN23 : 81.86 (+0.17%)
CTV23 : 80.64s (-3.27%)
CTZ23 : 79.95 (-0.41%)
Export Sales Day for Hog Market

Thursday’s hog trade will react to yesterday’s Cold Storage and the Export Sales data due later this morning. Lean hogs were mixed on Wednesday, with gains for the deferred contracts and 2 to 87 cent...

HEM23 : 79.800s (-1.08%)
HEQ23 : 80.400s (-0.03%)
KMM23 : 83.275s (-1.51%)
Cattle Market to Price in Beef Data

Live cattle were up $0.60 to $1.82 on Wednesday. The June contract flipped back to net positive for the week after fading Monday and Tuesday and posted a new LoC high. USDA reported TX cash sales near...

LEM23 : 166.100s (+1.11%)
LEQ23 : 164.125s (+0.95%)
LEV23 : 168.375s (+0.72%)
GFK23 : 208.975s (+0.57%)
GFQ23 : 234.525s (+0.45%)
Wheat Futures Lightly Red so far

Wheats are trading lightly weaker in CBT after a tight overnight range, though KC HRW is down by 3 to 6 cents and near the overnight lows extending the midweek selloff. Preliminary OI data had KC wheat...

ZWN23 : 605-6 (unch)
ZWU23 : 618-2 (unch)
ZWPAES.CM : 5.4521 (-2.86%)
KEN23 : 807-0 (-0.65%)
KEPAWS.CM : 7.7899 (+0.06%)
MWN23 : 798-6 (unch)
Soybeans Mostly Continuing Lower

Soybeans are again mixed with firmness in July and weakness in the new crop. July is off the overnight low and trading half a cent higher ahead of the weekly USDA Export Sales report. Soybean futures were...

ZSN23 : 1325-2 (unch)
ZSPAUS.CM : 13.0524 (+0.04%)
ZSQ23 : 1256-4 (-0.18%)
ZSU23 : 1193-0 (-0.21%)
Modestly Higher Corn Trade into FAS Report

AM corn futures are working fractionally to 1 3/4 cents higher ahead of the weekly FAS data. Corn and oats futures stood out as several of the ag futures fell on Wednesday. The front month corn futures...

ZON23 : 340-0 (+3.11%)
ZCN23 : 589-0 (+0.30%)
ZCPAUS.CM : 6.2149 (+0.30%)
ZCU23 : 515-6 (unch)
ZCZ23 : 521-0 (+0.19%)
Midweek Cotton Futures Fall Triple Digits

The front month cotton futures dropped 1.9% to 3.3% on Wednesday with losses of as much as 273 points. July futures are still 119 points above last week’s low. The market continues to fret about the...

CTN23 : 81.86 (+0.17%)
CTV23 : 80.64s (-3.27%)
CTZ23 : 79.95 (-0.41%)
Mixed Close for Hog Futures

Lean hogs were mixed with gains for the deferred contracts and 2 to 87 cent losses in the summer months. July futures were still at a net $9.97 premium to Dec at the close. USDA’s National Average Base...

Midweek Rally for Cattle Futures

Live cattle ended the session ~40 cents off their highs on $0.60 to $1.82 gains. The June contract flipped back to net positive for the week’s net move after fading Monday and Tuesday, and saw a new...

LEM23 : 166.100s (+1.11%)
LEQ23 : 164.125s (+0.95%)
LEV23 : 168.375s (+0.72%)
GFK23 : 208.975s (+0.57%)
GFQ23 : 234.525s (+0.45%)
Midweek Losses for Wheat Market

Front month wheat futures fell double digits on Wednesday. For SRW, that left the market 2% to 2.6% lower as July got back near the $6 mark. KC Wheat futures ended the session 18 1/2 to 29 1/4 cents in...

ZWN23 : 605-6 (unch)
ZWU23 : 618-2 (unch)
ZWPAES.CM : 5.4521 (-2.86%)
KEN23 : 807-0 (-0.65%)
KEPAWS.CM : 7.7899 (+0.06%)
MWN23 : 798-6 (unch)

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History in the making 👇 $NVDA https://t.co/eJe3xKPFhK
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Do Triple Top Chart Patterns exist? (Doing a poll as there appears to be some debate from the earlier Gold tweet)
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Nvidia $NVDA is expected to derive 50-60% of its 2023 revenue from artificial intelligence according to research from JP Morgan. Here is a list showing the % of revenue other companies expect to earn this year from AI: https://t.co/2zbQ0y7dyq
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Potential Triple Top for Gold? H/T: @Callum_Thomas https://t.co/06Cyi4QuSM
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Updated Nvidia $NVDA Trader's Cheat Sheet based on yesterday's closing price https://t.co/mnCQkWqY7c
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Treasury Bills maturing around the U.S. Treasury's "X" date are yielding more than 6% which is higher than some corporate bonds sold by junk-rated companies https://t.co/GzprhP5gHM
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Food inflation proving sticky in the UK as the average cost of an English Breakfast is up an average of 22% year-over-year. In fact, every single item that makes up Bloomberg's Breakfast Index has increased since April 2022. https://t.co/pPdQYJqp5R
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Expectations of a Federal Reserve June interest rate hike are increasing. Fed swaps are now pricing in a 40% chance of a 25bps hike in June. https://t.co/oAw2rwUUcC
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Did you miss today's webinar "Barchart's Indispensable Tools for Trading the Futures Markets?" No worries as it's now available on our YouTube Channel 👇 Link: https://t.co/ALIauEbvMG https://t.co/ALkessSiUD
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Fed Governor Christopher Waller believes additional interest rate hikes are coming and won't support a pause right now https://t.co/Ny5iinaycM
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The Treasury Yield Curve (10Y-3M) is a perfect 8/8 in forecasting recessions since 1968. Duke University Professor Campbell Harvey believed it was showing a false warning in January. He now believes it is real and only questions how deep the recession will be. https://t.co/rgWiTZ4aNj
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A U.S. credit rating downgrade is being considered by Fitch Ratings https://t.co/MxZOb10QKv
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7 Fear & Greed Indicators: * Market Momentum (Greed) * Stock Price Strength (Neutral) * Stock Price Breadth (Fear) * Put and Call Options (Extreme Greed) * Market Volatility (Neutral) * Safe Haven Demand (Greed) * Junk Bond Demand (Greed) https://t.co/qRmhZnyEa8 https://t.co/G0EZ5FBfky
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Here is how much money you need to be among the Top 1% in the World's 10 Richest Countries: https://t.co/BWuQwM3qZA
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ETFs w/ most active options trading: $SPY - 9.076M $QQQ - 3.153M $IWM - 1.022M $XLI - 387k $HYG - 382k $KRE - 308k $TQQQ - 253k $EEM - 243k $UVXY - 243k $SLV - 234k $XLF - 203k $SQQQ - 197k $EWZ - 192k $TLT - 142k $ARKK - 124k $EFA - 123k $SOXL - 116k $GLD - 101k $XHB - 76k
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Stocks w/ most active options trading: $TSLA - 2.178M $NVDA - 930k $AMZN - 837k $AAPL - 722k $NU - 422k $AMD - 396k $PLTR - 385k $BABA - 358k $NIO - 330k $NFLX - 315k $GOOGL - 295k $DIS - 285k $META - 283k $MSFT - 279k $PFE - 267k $ETRN - 226k What options did you trade?
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% of Large Cap Stocks Above Their Moving Averages https://t.co/qoXV3Chkvo
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Stock Market Fear & Greed Index = 61 (Greed) https://t.co/EuG3dB1zK3
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Dividends from the world's largest 1,200 publicly traded companies hit a record $326.7 billion during the 1st quarter, a 12% increase YOY https://t.co/iTXZT7eLkK
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Central Banks bought 1,079 tonnes of gold bullion in 2022, the most ever since record keeping began in 1950. https://t.co/9uPBBZPFL0 https://t.co/GlOwh0NP7Y
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