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Alan Brugler

Thu, Feb 8th, 2024

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

Wheat Futures Fall 2% on Thursday

Front month wheat futures ended the day with double digit losses of over 2% across all three domestic classes. Chicago was 13 to 14 cents lower and are now sub-$6 through Sep. KC futures ended the day...

ZWH24 : 590-0 (+0.25%)
ZWK24 : 594-6 (unch)
KEH24 : 600-2 (unch)
MWH24 : 683-0 (unch)
Hog Futures Close Mid-Range after Red Thursday

Front month hogs, past the Feb contract, gapped lower at the day session open and spent the whole day working in the red. At the close futures were off their daily lows but still down by 52 to 75 cents....

HEG24 : 73.300s (-0.10%)
HEK24 : 85.825s (-0.61%)
KMG24 : 83.800s (-0.15%)
Red Close for Corn after Report Day

Corn prices sold off at 9AM into the report, but (after an initial spike lower) had recovered back to positive territory. An afternoon fade into the close left the board a penny to 1 ½ cents lower across...

ZCH24 : 431-6 (-0.35%)
ZCPAUS.CM : 4.1370 (-0.27%)
ZCK24 : 443-2 (-0.39%)
ZCN24 : 452-6 (-0.28%)
Beans and Soybean Oil Closed Stronger on Report Day

Soy futures were mixed on USDA’s report day, with a Soy oil rally. The triple digit gains of as much as 2.5% helped soybeans stay in the black as well. Front month soybean futures were 1 ¾ to 4 ½ cents...

ZLH24 : 48.00 (+0.13%)
ZMH24 : 345.3 (-0.52%)
ZSH24 : 1192-4 (-0.08%)
ZSPAUS.CM : 11.4028 (+0.39%)
ZSK24 : 1199-0 (unch)
ZSN24 : 1208-4 (unch)
Cattle Set New Highs for the Move on Thursday

Cattle futures were back to challenging the 61.8% retracement from their LoC highs to the Dec low on Thursday. The board settled off the session highs, but still triple digits higher with gains of as much...

LEG24 : 183.775s (+0.85%)
LEJ24 : 186.575s (+0.96%)
LEM24 : 183.725s (+0.84%)
GFH24 : 246.850s (+0.53%)
GFJ24 : 251.925s (+0.29%)
Cotton Market Finished Higher on Report Day

Cotton prices spent time on both sides of UNCH on Thursday, but ultimately closed 6 to 63 points in the black led by the March contract. Old crop cotton set new highs for the move and are trading near...

CTH24 : 89.12 (+0.02%)
CTK24 : 89.72 (+0.04%)
CTN24 : 89.93 (+0.01%)
Triple Digit Strength for Cattle Futures at Midday

The cattle futures market is currently $0.77 to $1.52 higher on Thursday. Feeders are also up by $0.82 to $1.80 so far. CME has no deliveries listed through Wednesday with the oldest dated long at 4/18/23....

LEG24 : 183.775s (+0.85%)
LEJ24 : 186.575s (+0.96%)
LEM24 : 183.725s (+0.84%)
LEY00 : 178.740s (unch)
GFH24 : 246.850s (+0.53%)
GFJ24 : 251.925s (+0.29%)
Soy Market Mixed on Report Day

The Soy oil futures are rallying by triple digits through midday, propping up the bean market. Soybeans are fractionally in the black for midday. The report reaction had given most of the early ssessiongains...

ZLH24 : 48.00 (+0.13%)
ZMH24 : 345.3 (-0.52%)
ZSH24 : 1192-4 (-0.08%)
ZSPAUS.CM : 11.4028 (+0.39%)
ZSK24 : 1199-0 (unch)
ZSN24 : 1208-4 (unch)
Hogs Continuing Lower at Thursday’s Midday

Front month lean hog futures are trading 15 to 92 cents weaker so far, as OI continues to decline in the Feb contract. USDA’s National Average Base Hog price was listed at $64.60 for Thursday morning,...

HEG24 : 73.300s (-0.10%)
HEJ24 : 80.350s (-0.92%)
KMG24 : 83.800s (-0.15%)
Corn Reacted Bearishly, Rebounded for Midday

Midday corn prices are sitting fractionally to 1 ½ cents in the black. Futures were in the black through the morning, before dropping on the WASDE reaction. Traders added 25.4k new option positions in...

ZCH24 : 431-6 (-0.35%)
ZCPAUS.CM : 4.1370 (-0.27%)
ZCK24 : 443-2 (-0.39%)
ZCN24 : 452-6 (-0.28%)

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Josh Brown, CNBC Fast Money Trader and CEO at Ritholtz Wealth Management, sold 20% of his long-term Nvidia $NVDA position and believes it has gone up too much, too fast. https://t.co/7SeZPFsyMv
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ETFs w/ most active options trading: $SPY - 6.3M $QQQ - 2.9M $IWM - 1.3M $TLT - 327k $TQQQ - 189k $SMH - 175k $HYG - 172k $EEM - 158k $FXI - 154k $KRE - 144k $SOXL - 133k $SQQQ - 130k $ARKK - 108k $XLE - 108k $EFA - 101k $SLV - 87k $XBI - 81k $KWEB - 81k $EWZ - 80k $XLU - 72k
Barchart
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Stocks w/ most active options trading: $TSLA - 2.0M $PLTR - 1.6M $NVDA - 1.2M $DIS - 826k $ARM - 775k $PYPL - 770k $AAPL - 767k $MARA - 740k $AMZN - 623k $META - 583k $AMD - 538k $TSM - 499k $SNAP - 475k $BABA - 423k $PINS - 309k $AFRM - 285k What options did you trade?
Barchart
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$TLT forms a Golden Cross https://t.co/W2dtcdTYDQ
Barchart
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S&P 500 continues higher but short-term market breadth is weakening. The last 3 times the % of $SPX stocks above their 50 Day Moving Average dropped meaningfully below 50%, the index sold off. Watch that level! 👀 https://t.co/9TdLfWpnLJ
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Barchart
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Is the end near for Cocoa's parabolic run? https://t.co/16rdsOwwW8
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Extreme Greed returns to the Stock Market 🤑💰🥳🫡 https://t.co/pFrm1k6O5Y
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JUST IN 🚨: S&P 500 $SPX hits 5,000 for the first time in history https://t.co/uQTzgZ8j3c https://t.co/UMWcgsDVhB
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Walt Disney $DIS scores biggest daily gain since 2020! Welcome back Bob Iger 🫡 https://t.co/1IE4Yo1ozR
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