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Lumber Physical Mar '24 (LBH24)

560.00s +5.00 (+0.90%) 03/15/24 [CME]
N/A x N/A N/A x N/A
underlying price ()
News & Headlines for Fri, Mar 15th, 2024
(DOWNLOAD A FREE REPORT) Factors affecting global commodity weather for wheat, corn and sugar

Jim's video zooms in on the big picture of crucial crops

SBN25 : 17.81s (+0.51%)
KEN25 : 570-0s (-0.39%)
CORN : 19.58 (unch)
ZWN25 : 562-2s (+0.22%)
WEAT : 4.76 (+0.21%)
ZCN25 : 490-2s (-0.31%)
Cotton Rounds Out the Week with Strength

Cotton futures posted gains of 53 to 76 points on Thursday to round out the week with May up 43 points this week. Crude oil futures were up $2.10/barrel on the day, with the US dollar index back up $0.037...

CTK25 : 66.32s (+0.81%)
CTN25 : 67.13s (+1.15%)
CTZ24 : 71.40s (-1.37%)
Sugar Prices Post Moderate Gains on Reduced Sugar Output in India

May NY world sugar #11 (SBK25 ) on Thursday closed up +0.07 (+0.39%), and August London ICE white sugar #5 (SWQ25 ) closed up +1.60 (+0.32%). On Thursday's news of reduced sugar output in India, sugar...

CLM25 : 64.01s (+3.53%)
SBN25 : 17.81s (+0.51%)
SWQ25 : 498.90s (+0.32%)
Strength in Global Demand Pushes Cocoa Prices Sharply Higher

May ICE NY cocoa (CCK25 ) Thursday closed up +269 (+3.32%), and May ICE London cocoa #7 (CAK25 ) closed up +241 (+4.13%). Cocoa prices on Thursday posted sharp gains on signs of better-than-expected global...

CCN25 : 8,295s (+3.61%)
CAN25 : 6,049s (+3.54%)
Coffee Prices Settle Lower on Dollar Strength and Higher Inventories

May arabica coffee (KCK25 ) Thursday closed down -0.55 (-0.15%), and May ICE robusta coffee (RMK25 ) closed down -135 (-2.51%). Coffee prices on Thursday settled lower and came under pressure from a stronger...

DXY00 : 99.320 (-0.06%)
RMN25 : 5,277s (-1.90%)
KCN25 : 372.60s (-0.32%)
Cotton Looking to Close Out Week with Gains

Cotton futures are up 47 to 72 points so far on Thursday’s midday. Crude oil futures are up $2.31/barrel on the day, with the US dollar index back up $0.167 to $99.310. The markets will be closed on...

CTK25 : 66.32s (+0.81%)
CTN25 : 67.13s (+1.15%)
CTZ24 : 71.40s (-1.37%)
Sugar Prices Climb on Reduced Sugar Output in India

May NY world sugar #11 (SBK25 ) today is up +0.08 (+0.45%), and August London ICE white sugar #5 (SWQ25 ) is up +2.20 (+0.44%). Sugar prices today are moderately higher on news of reduced sugar output...

SBN25 : 17.81s (+0.51%)
SWQ25 : 498.90s (+0.32%)
Cocoa Prices Rebound on Better-Than-Expected Cocoa Demand

May ICE NY cocoa (CCK25 ) today is up +269 (+3.32%), and May ICE London cocoa #7 (CAK25 ) is up +220 (+3.77%). Cocoa prices jumped today on signs of better-than-expected global cocoa demand. Q1 European...

CCN25 : 8,295s (+3.61%)
CAN25 : 6,049s (+3.54%)
Coffee Prices Slip on Dollar Strength

May arabica coffee (KCK25 ) today is down -0.65 (-0.17%), and May ICE robusta coffee (RMK25 ) is down -133 (-2.47%). Coffee prices today are trading lower on dollar strength. Also, signs of larger robusta...

RMN25 : 5,277s (-1.90%)
KCN25 : 372.60s (-0.32%)
Cotton Showing Gains on Thursday Morning

Cotton price action is up 13 to 28 points so far on Thursday AM Trade. Futures posted Wednesday gains of 25 to 71 points. The outside markets were supportive, as crude oil futures were up $1.29/barrel...

CTK25 : 66.32s (+0.81%)
CTN25 : 67.13s (+1.15%)
CTZ24 : 71.40s (-1.37%)
Grains Mixed into the Last Trading Day of the Week

Grain markets didn’t do much to tip the scale in Wednesday’s trade. Here’s the levels to keep an eye on for the last trading day of the week.

Corn Sneaking Out Losses Early on Thursday Morning

Corn futures closed the Wednesday session with contracts up 2 to 5 cents in most nearby contracts. The front month CmdtyView national average Cash Corn price was up 3 cents at $4.56 1/2. The markets will...

ZCZ25 : 466-0s (-0.16%)
ZCPAUS.CM : 4.5453 (-0.40%)
ZCPZ25US.CM : 4.3264 (-0.17%)
ZCK25 : 482-2s (-0.41%)
ZCN25 : 490-2s (-0.31%)
Wheat Pushing Higher Ahead of Export Sales Release

Wheat futures are up across the three markets on Thursday morning. The wheat markets posted Wednesday strength into the close across the three exchanges. Chicago SRW futures were up 5 to 6 cents across...

KEN25 : 570-0s (-0.39%)
MWK25 : 606-2s (+0.41%)
KEK25 : 557-4s (-0.09%)
ZWK25 : 548-6s (+0.18%)
ZWN25 : 562-2s (+0.22%)
Soybeans Mixed to Start Thursday Trade

Soybeans are sticking close to unchanged on Thursday morning, with contracts up 1 ½ to down ½ cents. Beans posted gains of 2 to 4 cents across most contracts on Wednesday. CmdtyView’s national front...

ZSPX25US.CM : 9.6902 (-0.20%)
ZLN25 : 48.34s (+0.71%)
ZMN25 : 303.1s (-0.36%)
ZSPAUS.CM : 9.8484 (-0.19%)
ZSK25 : 1036-4s (-0.22%)
ZSX25 : 1032-4s (-0.17%)
ZSN25 : 1047-6s (-0.24%)
How Should Long-Term Investors View Wheat's Variable Storage Rate?

The CME's Variable Storage Rate program adds another layer to winter wheat's real supply and demand situation.

$CRSI : 579.26 (+0.21%)
$CSWI : 491.64 (+0.13%)
$CRWI : 489.40 (-0.26%)
Wheat Holds Gains into Wednesday’s Close

The wheat markets posted Wednesday strength into the close across the three exchanges. Chicago SRW futures were up 5 to 6 cents across the nearbys. Kansas City HRW was 3 to 5 cents higher on the Wednesday...

KEN25 : 570-0s (-0.39%)
MWK25 : 606-2s (+0.41%)
KEK25 : 557-4s (-0.09%)
ZWK25 : 548-6s (+0.18%)
ZWN25 : 562-2s (+0.22%)
Soybeans Closes with Gains on Wednesday

Soybeans posted gains of 2 to 4 cents across most contracts on Wednesday. CmdtyView’s national front month Cash Bean price was up 3 cents at $9.87 3/4. Soymeal futures closed with $2.40 to $3.30/ton...

ZSPX25US.CM : 9.6902 (-0.20%)
ZLN25 : 48.34s (+0.71%)
ZMN25 : 303.1s (-0.36%)
ZSPAUS.CM : 9.8484 (-0.19%)
ZSK25 : 1036-4s (-0.22%)
ZSX25 : 1032-4s (-0.17%)
ZSN25 : 1047-6s (-0.24%)
Corn Posts Gains on Wednesday

Corn futures closed the Wednesday session with contracts up 2 to 5 cents in most nearby contracts. The front month CmdtyView national average Cash Corn price was up 3 cents at $4.56 1/2. The markets will...

ZCZ25 : 466-0s (-0.16%)
ZCPAUS.CM : 4.5453 (-0.40%)
ZCPZ25US.CM : 4.3264 (-0.17%)
ZCK25 : 482-2s (-0.41%)
ZCN25 : 490-2s (-0.31%)
Shootin' the Bull about still over 11 million head on feed

It is suspected that the past 3 days of buying is coming from short covering, or producers applying the Texas hedge, as we have seen little increase in open interest.

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Barchart Softs News

Cotton Rounds Out the Week with Strength
Cotton futures posted gains of 53 to 76 points on Thursday to round out the week with May up 43 points this week. Crude oil futures were up $2.10/barrel on the day, with the US dollar index back up $0.037 to $99.180. The markets will be closed on Friday in... Read more
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