News Source: BRUG

Lean Hogs Basis Firming on Board Pull Back

Lean Hog posted 12.5 cent to $1.975 losses in most contracts on Tuesday. The CME Lean Hog Index was UNCH from the previous day @ $84.59 on May 17. The USDA pork carcass cutout value was up 54 cents at $87.07 on Tuesday afternoon. The national average base hog was 11 cents lower on Tuesday, at an average weighted price of $80.91. This week’s estimated FI hog slaughter is 942,000 head through Tuesday. That was 21,000 head above the previous week and 23,000 above the same week last year.

--provided by Brugler Marketing & Management

Corn Market Takes a Breather Overnight

Corn futures are trading 2 to 5 cents lower this morning. They ended the Tuesday session with most contracts 3 to 6 cents higher as rains continue to slow planting. The front month chart hit its highest price since May 2018 on Tuesday, with new crop Dec the highest since last August. The market is trying to talk producers out of taking the Prevent Plant insurance option by raising the ante, though some may not have a choice. New buying interest continued to flow into the market, with preliminary open interest up 18,371 contracts. A chunk of this is producer cash sales being hedged by the elevators. Due to weakness in the Real, prices have been carried by this rally to the highest level that Brazilian farmers have seen for corn since 2015.

--provided by Brugler Marketing & Management

Ag Market Commentary

Corn futures are trading 2 to 5 cents lower this morning. They ended the Tuesday session with most contracts 3 to 6 cents higher as rains continue to slow planting. The front month chart hit its highest price since May 2018 on Tuesday, with new crop Dec the highest since last August. The market is trying to talk producers out of taking the Prevent Plant insurance option by raising the ante, though some may not have a choice. New buying interest continued to flow into the market, with preliminary open interest up 18,371 contracts. A chunk of this is producer cash sales being hedged by the elevators. Due to weakness in the Real, prices have been carried by this rally to the highest level that Brazilian farmers have seen for corn since 2015.

--provided by Brugler Marketing & Management



Soybean futures are fractionally to a penny per bushel lower this morning. They closed Turnaround Tuesday with 9 to 9 3/4 cent losses, after being higher for most of the morning. July soy meal was down $2/ton, with soybean oil 36 points lower. A rumor that $2/bu trade aid for soybeans is being considered was negative for futures prices yesterday. USDA released a comment that the new program will be acreage neutral. After Monday’s close, the Crop Progress report indicated IA was 27% planted, with MN at 10% complete, SD only 4%, IL 9% and NE 40% in the ground.

--provided by Brugler Marketing & Management



Wheat futures are currently 4 to 8 cents lower after seeing mixed trade at Tuesday’s close. MPLS spring wheat is holding up the best of the three. KC was mostly a penny to 1 1/2 cents higher, with CBT up fractionally in the front months and lower in deferred contracts. MPLS was also mixed, with nearby contracts lower. The rumor mill also showed expected trade aid for wheat of 63 cents, which would discourage abandonment. USDA on Monday showed MN was 76% planted for spring wheat, only 4% behind normal, with ND at 66% and SD 70%. Japan’s weekly MOA tender is for 122,844 MT of US, and Canadian wheat, with 90,194 US specific. Taiwan purchased 111,050 MT of US wheat in their tender that closed on Tuesday.

--provided by Brugler Marketing & Management



Live cattle futures were down 20 to 50 cents on the day. Feeder cattle futures saw losses of $1.30 to $1.775 on Tuesday, with May up 22.5 cents ahead of Thursday’s Expiration. The CME feeder cattle index was up 43 cents to $132.25 on May 20. Wholesale boxed beef prices were lower on Tuesday afternoon. Choice boxes were down $1.87 at $219.58 with Select boxes $1.45 lower @ $206.58. Cool and wet weather ahead of the Memorial Day weekend may affect some wholesale demand. USDA estimated this week’s FI cattle slaughter at 240,000 head through Tuesday. That was down 2,000 head from last Monday and even with the same week last year. Cash trade ahead of the Holiday weekend has yet to get started, with Wednesday’s FCE showing 309 head will be offered for sale.

--provided by Brugler Marketing & Management



Lean Hog posted 12.5 cent to $1.975 losses in most contracts on Tuesday. The CME Lean Hog Index was UNCH from the previous day @ $84.59 on May 17. The USDA pork carcass cutout value was up 54 cents at $87.07 on Tuesday afternoon. The national average base hog was 11 cents lower on Tuesday, at an average weighted price of $80.91. This week’s estimated FI hog slaughter is 942,000 head through Tuesday. That was 21,000 head above the previous week and 23,000 above the same week last year.

--provided by Brugler Marketing & Management



Cotton futures are trading 65 to 111 points lower this morning. The ended Turnaround Tuesday with most contracts 38 to 87 points lower. The Crop Progress report indicated that 20% of the cotton acres in TX were seeded last week, now at 39%, with GA 61% planted. Those are both ahead of normal. The Cotlook A index for May 20 was down 75 points from the previous day to 76.60 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week. Cotton producers would also see more MFP money in the aid package being considered by the White House, but details on the level have not been made public.



Cotton Market Lower Overnight

Cotton futures are trading 65 to 111 points lower this morning. The ended Turnaround Tuesday with most contracts 38 to 87 points lower. The Crop Progress report indicated that 20% of the cotton acres in TX were seeded last week, now at 39%, with GA 61% planted. Those are both ahead of normal. The Cotlook A index for May 20 was down 75 points from the previous day to 76.60 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week. Cotton producers would also see more MFP money in the aid package being considered by the White House, but details on the level have not been made public.

Soybean Market Pauses to Debate MFP Impact

Soybean futures are fractionally to a penny per bushel lower this morning. They closed Turnaround Tuesday with 9 to 9 3/4 cent losses, after being higher for most of the morning. July soy meal was down $2/ton, with soybean oil 36 points lower. A rumor that $2/bu trade aid for soybeans is being considered was negative for futures prices yesterday. USDA released a comment that the new program will be acreage neutral. After Monday’s close, the Crop Progress report indicated IA was 27% planted, with MN at 10% complete, SD only 4%, IL 9% and NE 40% in the ground.

--provided by Brugler Marketing & Management

Corn Continues Higher on Planting Delays

Corn futures ended the Tuesday session with most contracts 3 to 6 cents higher as rains continue to slow planting. The front month chart hit its highest price since May 2018 today, as new crop Dec was at the highest levels since last August. The market is trying to talk producers out of taking the Prevent Plant insurance option, though some may not have a choice. In the weekly Crop Progress report, NE and IA were 70% planted, MO was 62%, and MN @ 56%, with SD @ 19%. Forecasts show considerable amounts of rain for those area this week. IL is also seen as catching some moisture, with 24% of the crop planted on 5/19, with IN @ 14% and OH 9% planted.

Jul 19 Corn closed at $3.94 1/4, up 5 1/4 cents,

Sep 19 Corn closed at $4.02 3/4, up 6 cents,

Dec 19 Corn closed at $4.10 1/2, up 6 cents

Mar 20 Corn closed at $4.20, up 5 3/4 cents

--provided by Brugler Marketing & Management

Cattle Still Weaker On Tuesday

Live cattle futures were down 20 to 50 cents on the day. Feeder cattle futures saw losses of $1.30 to $1.775 on Tuesday, with May up 22.5 cents ahead of Thursday’s Expiration. The CME feeder cattle index was up 43 cents to $132.25 on May 20. Wholesale boxed beef prices were lower on Tuesday afternoon. Choice boxes were down $1.87 at $219.58 with Select boxes $1.45 lower @ $206.58. Cool and wet weather ahead of the Memorial Day weekend may affect some wholesale demand. USDA estimated this week’s FI cattle slaughter at 240,000 head through Tuesday. That was down 2,000 head from last Monday and even with the same week last year. Cash trade ahead of the Holiday weekend has yet to get started, with Wednesday’s FCE showing 309 head will be offered for sale.

Jun 19 Cattle closed at $110.850, down $0.500,

Aug 19 Cattle closed at $108.275, down $0.250,

Oct 19 Cattle closed at $108.300, down $0.200,

May 19 Feeder Cattle closed at $134.375, up $0.225

Aug 19 Feeder Cattle closed at $143.000, down $1.775

Sep 19 Feeder Cattle closed at $144.175, down $1.700

--provided by Brugler Marketing & Management

DJ Iluka Resources Price Target Raised 1% to A$12.45/Share by Morgan Stanley

-0

(MORE TO FOLLOW) Dow Jones Newswires

March 26, 2018 17:45 ET (21:45 GMT)

Wheat Markets Close Mixed, Off Their Highs

Wheat futures saw mixed trade at Tuesday’s close after spending much of the session higher. KC was mostly a penny to 1 1/2 cents higher, with CBT up fractionally in the front months and lower in deferred contracts. MPLS was also mixed, with nearby contracts lower. The rumor mill also showed expected trade aid payment for wheat of 63 cents, which would discourage abandonment. USDA on Monday showed MN was 76% planted for spring wheat, only 4% behind normal, with ND at 66% and SD 70%. Japan’s weekly MOA tender is for 122,844 MT of US, and Canadian wheat, with 90,194 US specific. Taiwan purchased 111,050 MT of US wheat in their tender that closed on Tuesday. A report also showed that Ethiopia bought 600,000 MT of optional origin wheat on Tuesday.

Jul 19 CBOT Wheat closed at $4.78 3/4, up 1/2 cent,

Jul 19 KCBT Wheat closed at $4.36, up 1 1/2 cents,

Jul 19 MGEX Wheat closed at $5.43, down 1/2 cent

--provided by Brugler Marketing & Management

Soybeans Close Lower on Trade Aid Rumor

Soybean futures closed Turnaround Tuesday with 9 to 9 3/4 cent losses, after being higher for most of the morning. July soy meal was down $2/ton, with soybean oil 36 points lower. A rumor this morning said President Trump is considering $2/bu trade aid for soybeans, though no other details or official announcements have been made. That would talk a lot of producers out of considering prevent plant claims and into late planted soybeans. After Monday’s close, the Crop Progress report indicated IA was 27% planted, with MN at 10% complete, SD only 4%, IL 9% and NE 40% in the ground.

Jul 19 Soybeans closed at $8.22, down 9 3/4 cents,

Aug 19 Soybeans closed at $8.28 3/4, down 9 3/4 cents,

Sep 19 Soybeans closed at $8.35 1/2, down 9 1/2 cents,

Jan 20 Soybeans closed at $8.60 1/4, down 9 1/2 cents,

Jul 19 Soybean Meal closed at $295.30, down $2.00,

Jul 19 Soybean Oil closed at $27.14, down $0.36

--provided by Brugler Marketing & Management

Hogs Close Lower on Tuesday

Lean Hog posted 12.5 cent to $1.975 losses in most contracts on Tuesday. The CME Lean Hog Index was UNCH from the previous day @ $84.59 on May 17. The USDA pork carcass cutout value was up 54 cents at $87.07 on Tuesday afternoon. The national average base hog was 11 cents lower on Tuesday, at an average weighted price of $80.91. This week’s estimated FI hog slaughter is 942,000 head through Tuesday. That was 21,000 head above the previous week and 23,000 above the same week last year.

Jun 19 Hogs closed at $90.100, down $1.650,

Jul 19 Hogs closed at $91.375, down $1.625

Aug 19 Hogs closed at $92.475, down $1.975

--provided by Brugler Marketing & Management

Wheat Mixed at Midday

Wheat futures are mixed on Tuesday, with CBT steady to 3 cents lower. KC is firm to 2 1/4 cents higher, with MPLS 1 to 5 cents in the green. The weekly Crop Progress report showed the winter wheat crop 54% headed, lagging normal by 12%. Texas is 8% harvested, matching the average pace. Condition ratings saw a 2% boost to 66% gd/ex, with the Brugler500 index up another 3 to 372 points. Spring wheat planting was in line with estimates at 70% complete, vs. the 80% average. MN was 76% planted, only 4% behind normal, with ND at 66 and SD 70%. Emergence at 26% still lags the 5-year average pace by 25%. Taiwan purchased 111,050 MT of US wheat in their tender that closed on Tuesday. A report also showed that Ethiopia bought 600,000 MT of optional origin wheat on Tuesday.

Jul 19 CBOT Wheat is at $4.77 1/2, down 3/4 cent,

Jul 19 KCBT Wheat is at $4.36 3/4, up 2 1/4 cents,

Jul 19 MGEX Wheat is at $5.46 1/2, up 3 cents

--provided by Brugler Marketing & Management

Exportações Semanais de Algodão - Brasil

Exportações Semanais de Algodão - Brasil

Cotton Lower on Turnaround Tuesday

Cotton futures are posting 38 to 85 point losses in most contracts on Turnaround Tuesday. The Crop Progress report indicated that 44% of the US cotton crop was seeded as of Sunday, 1% behind the average pace and 6% behind a year ago. In TX, 20% of the cotton acres were seeded last week, now at 39%, with GA 61% planted. Those are both ahead of normal. The Cotlook A index for May 20 was down 75 points from the previous day to 76.60 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week.

Jul 19 Cotton is at 67.27, down 64 points,

Oct 19 Cotton is at 67.2, down 38 points

Dec 19 Cotton is at 66.86, down 79 points

Mar 20 Cotton is at 67.630, down 85 points

--provided by Brugler Marketing & Management

Lean Hogs Market News and Commentary

Lean Hog futures are trading 35 cents to $1.90 lower in most contracts at midday. The CME Lean Hog Index was UNCH from the previous day @ $84.59 on May 17. The USDA pork carcass cutout value was up 32 cents at $86.85 on Tuesday morning. The national average base hog was 28 cents lower on Tuesday, at an average weighted price of $80.74. Estimated FI hog slaughter was 472,000 head for Monday. That was 12,000 head above the previous week and 14,000 above the same day last year.

Jun 19 Hogs are at $90.250, down $1.500,

Jul 19 Hogs are at $91.225, down $1.775

Aug 19 Hogs are at $92.550, down $1.900

--provided by Brugler Marketing & Management

Corn Continues Higher on Slow Planting

Corn futures are trading 3 to 6 1/2 cents higher in the front months on Tuesday, following USDA’s confirmation of record slow planting. The market is trying to talk producers out of taking the Prevent Plant option, though some may not have a choice. In the weekly Crop Progress report, NASS showed corn planting at 49% complete nationwide by Sunday, well below the 80% average, with last year at 78% for this week. NE and IA were shown at 70% planted, MO was 62%, and MN @ 56%, with SD @ 19%. Forecasts show considerable amounts of rain for those area this week. IL is also seen as catching some moisture, with 24% of the crop planted on 5/19, with IN @ 14% and OH 9% planted.

Jul 19 Corn is at $3.94 3/4, up 5 3/4 cents,

Sep 19 Corn is at $4.03 1/4, up 6 1/2 cents,

Dec 19 Corn is at $4.10 1/2, up 6 cents

Mar 20 Corn is at $4.20, up 5 3/4 cents

--provided by Brugler Marketing & Management

Cattle Lower On Tuesday

Live cattle futures are showing 22.5 to 77.5 cent losses on Tuesday. Feeder cattle futures are down 12.5 cents to $2.525 on strength in corn. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were lower on Tuesday morning. Choice boxes were down 33 cents at $221.12 with Select boxes $1.08 lower @ $206.95. USDA estimated Monday’s FI cattle slaughter at 120,000 head. That was down 1,000 head from last Monday and 1,000 above the same Monday last year. Cash trade ahead of the Holiday weekend has yet to get started, with Wednesday’s FCE showing 309 head will be offered for sale.

Jun 19 Cattle are at $110.575, down $0.775,

Aug 19 Cattle are at $107.825, down $0.700,

Oct 19 Cattle are at $107.950, down $0.550,

May 19 Feeder Cattle are at $134.025, down $0.125

Aug 19 Feeder Cattle are at $142.250, down $2.525

Sep 19 Feeder Cattle are at $143.550, down $2.325

--provided by Brugler Marketing & Management

Lean Hogs Look to Cash for Support

Lean Hog futures settled Monday mixed, with nearby June down 62.5 cents and deferred contracts steady to 75 cents higher. The CME Lean Hog Index was up 38 cents from the previous day @ $84.59 on May 16. The weekly update to the Fresh Bacon Index shows a price of $168.17/cwt, up $12.78 from the week prior. The USDA pork carcass cutout value was up $1.26 at $86.53 on Monday afternoon. The national average base hog was 23 cents lower on Monday, at an average weighted price of $80.92. Estimated FI hog slaughter was 472,000 head for Monday. That was 12,000 head above the previous week and 14,000 above the same day last year.

--provided by Brugler Marketing & Management

Cattle Still Leaking Lower on Mixed Beef Trade

Live cattle futures were mostly lower to start the week, with nearby June up a few ticks. Feeder cattle futures were down 32.5 to 82.5 cents, on weakness in live cattle and strength in corn. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were mixed on Monday afternoon. Choice boxes were up $1.14 at $221.45 with Select boxes 25 cents lower @ $208.03. USDA estimated Monday’s FI cattle slaughter at 120,000 head. That was down 1,000 head from last Monday and 1,000 above the same Monday last year. Monday cash market activity was mostly compiling showlists for later in the week.

--provided by Brugler Marketing & Management

H.B. Fuller Announces Conference Call and Webcast to Discuss First Quarter 2018 Results

ST. PAUL, Minnesota - H.B. Fuller Company (NYSE:FUL) announced today that it will issue its first quarter 2018 earnings release, after the market close, on Wednesday, March 28, 2018 and host an investor conference call to discuss its results on Thursday, March 29, 2018 at 9:30 a.m. central time (10:30 a.m. eastern time).

The conference call audio and accompanying presentation slides will be available to all interested parties via a simultaneous webcast at www.hbfuller.com under the investor relations section. The event is scheduled to last one hour. For those unable to listen live, an audio replay of the event along with the accompanying presentation will be archived on the Company's website.

About H.B. Fuller Company:

For 130 years, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. With fiscal 2017 proforma net revenue of $2.9 billion, H.B. Fuller's commitment to innovation brings together people, products and processes that answer and solve some of the world's biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, medical, transportation, clean energy, packaging, construction, woodworking, general industries and other consumer businesses. And our promise to our people connects them with opportunities to innovate and thrive. For more information, visit us at www.hbfuller.com and subscribe to our blog.

Contact:

Maximillian Marcy

Director, Investor Relations

651-236-5062

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: H.B. Fuller via Globenewswire

Schnitzer Steel Set to Possibly Rebound After Yesterday's Selloff of 1.52%

Schnitzer Steel (NASDAQ:SCHN) traded in a range yesterday that spanned from a low of $31.85 to a high of $34.53. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $32.90 on volume of 193,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Schnitzer Steel and will alert subscribers who have SCHN in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Schnitzer Steel has traded in a range of $14.83 to $38.85 and is now at $32.30, 118% above that low. The 200-day and 50-day moving averages have moved 0.33% higher and 2.46% higher over the past week, respectively.

Write to SmarTrend at cs@mysmartrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

Today's Research Reports on Stocks to Watch: Micron Technology and NVIDIA

NEW YORK, NY / ACCESSWIRE / March 26, 2018 / Shares of both Micron and NVIDIA took a tumble on Friday as the markets fell sharply on trade war fears. Micron dropped despite showing solid results in its second quarter financial report last Thursday. NVIDIA released its fourth quarter results in early February.

RDI Initiates Coverage on:

Micron Technology, Inc.

https://rdinvesting.com/report/?ticker=MU

NVIDIA Corporation

https://rdinvesting.com/report/?ticker=NVDA

Micron Technology, Inc. shares closed down 7.99% on trading volume more than double compared to usual on Friday. The stock saw big losses after the memory chip maker announced fiscal second quarter results and an outlook for the current quarter last Thursday. For the second quarter, Micron reported adjusted earnings per share of $2.82. This was an impressive growth of 213% year over year. Sales for the quarter came to $7.35 billion, which was a growth of 58%. Analysts expected adjusted $2.74 a share on sales of $7.28 billion. Looking ahead the company is expecting EPS of $2.83 and sales of $7.4 billion. Analysts are waiting for EPS of $2.63 a share and sales of $7.27 billion. Many analysts reiterated a "buy" rating on the stock after the results. "Micron is well positioned to address the growing secular demand trends in our end markets and that's reflected in our excellent performance in our fiscal Q2 results," said CEO Sanjay Mehrotra to Investor's Business Daily. "Our demand was driven by cloud, enterprise and mobile markets. We're excited about the opportunities ahead for our business." However, analyst John Pitzer of Credit Suisse remarked, "Micron reported and guided solid results, but perhaps not strong enough relative to lofty expectations."

Access RDI's Micron Technology, Inc. Research Report at:

https://rdinvesting.com/report/?ticker=MU

NVIDIA Corporation shares closed down 3.67% this past Friday on about 18.3 million shares traded. There was no particular news yesterday to send shares lower. NVIDIA has seen huge gains in the last several years, moving over 1700% in about five years. It was last month that the company announced its fourth quarter results and revealed record quarterly revenue of $2.91 billion. This was an increase of 34% from the year ago period. Full year revenue was also at a record at $9.71 billion and was 41% higher than the year before. Full-year GAAP EPS was a record as well at $4.82, up a staggering 88% from a year before. The company's founder and CEO Jensen Huang remarked during the results, "We achieved another record quarter, capping an excellent year. In a powerful sign of our progress, attendees at NVIDIA's GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform." He also said, "Industries around the world are racing to incorporate AI. Virtually every internet and cloud service provider has embraced our Volta GPUs. Hundreds of transportation companies are using our NVIDIA DRIVE platform. From manufacturing and healthcare to smart cities, innovators are using our platform to invent the future."

Access RDI's NVIDIA Corporation Research Report at:

https://rdinvesting.com/report/?ticker=NVDA

Our Actionable Research on Micron Technology, Inc. (NASDAQ: MU ) and NVIDIA Corporation (NASDAQ: NVDA ) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer .

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

http://www.accesswire.com/img.ashx?id=494188

Boeing Delivers First 787-10 Dreamliners: LIVE MARKETS BLOG

Singapore Airlines was the first in line to receive the new jumbo jets.

Today's Research Reports on Stocks to Watch: Square Inc. and KeyCorp

NEW YORK, NY / ACCESSWIRE / March 26, 2018 / Square shares took a beating on Friday despite one analyst from Deutsch Bank raising his price target on the stock. Traders were more focused on the words of an analyst from Craig Hallum Capital Group who downgraded the stock to a "sell" rating. Shares of KeyCorp also saw big losses after increasing its lending rate last week.

RDI Initiates Coverage on:

Square, Inc.

https://rdinvesting.com/report/?ticker=SQ

KeyCorp

https://rdinvesting.com/report/?ticker=KEY

Square, Inc. shares closed down 6.33% on about 20.5 million shares traded on Friday. Shares of the mobile payment company slipped after an analyst at Craig Hallum Capital Group downgraded the stock to "sell." Analyst Brad Berning of the firm wrote, "Competition is tired of Square winning and they are bringing scale, lower pricing, and functionality." He explained, "Any transactions over $10 or $15 will mostly likely be cheaper to use First Data's Clover over Square." While this analyst has a negative sentiment towards the company, others raised their price targets. Deutsche Bank analyst Bryan Keane raised his price target on Square Inc. shares from $47 to $57 this past Friday. According to Keane, Square is doing a good job of monetizing its peer-to-peer Square Cash app, generating revenue from more than a third of transactions. He wrote, "Payroll payouts directly from the seller to an employee through Square Cash is another possible roll-out (potentially displacing check-based payouts)." In the last twelve months, shares of Square have gained over 200%.

Access RDI's Square, Inc. Research Report at:

https://rdinvesting.com/report/?ticker=SQ

KeyCorp shares closed down 4.90% on Friday on trading volume of nearly 15.2 million shares. The holding company for KeyBank National Association that provides various retail and commercial banking services in the United States, raised its prime lending rate to 4.75 percent from 4.50 percent, last week. The new rate went into effect on March 22, 2018. It was also on Friday that it was revealed that the company's top executive, CEO Beth Mooney, was awarded a compensation package that topped $8.1 million last year. The executive's total pay for the year was $9 million. The company provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association and has a network of approximately 1,200 branches and more than 1,500 ATMs.

Access RDI's KeyCorp Research Report at:

https://rdinvesting.com/report/?ticker=KEY

Our Actionable Research on Square, Inc. (NYSE: SQ ) and KeyCorp (NYSE: KEY ) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer .

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

http://www.accesswire.com/img.ashx?id=494189

Ag Market Commentary

Corn futures saw 2 to 6 1/2 cents gains on Monday, posting multi-month highs in several contracts. Rains over the weekend and forecasts for more in the WCB over the next week were supportive. In the weekly Crop Progress report, NASS showed corn planting at 49% complete nationwide by Sunday, on the lower side of estimates and the slowest for week 20 since NASS started recording. That was well below the 80% average, with last year at 78% for this week. The crop was 19% emerged, with the 5-year average at 49%. All corn export shipments in the week of May 16 totaled just 820,916 MT. That was down 28% from last week and 47% below the same week last year. Exports YTD are now 3.09% larger than a year ago, at 37.454 MMT (1.474 bbu).

Jul 19 Corn closed at $3.89, up 5 3/4 cents,

Sep 19 Corn closed at $3.96 3/4, up 6 1/4 cents,

Dec 19 Corn closed at $4.04 1/2, up 6 1/4 cents

Mar 20 Corn closed at $4.14 1/4, up 6 1/2 cents

--provided by Brugler Marketing & Management



Soybean futures ended the Monday session with the front months 10 to 10 1/2 cents higher. Support came from the grain complex and specs taking profits after Friday’s sell off. July soy meal was up $3/ton, with soybean oil 28 points higher. After the close, the Crop Progress report indicated that just 19% of the soybean crop was planted on May 19, below most expectations. The 5-year average for week 20 is 47%, as last year was 53%. NASS also reported that 5% of the crop was emerged, compared to the normal pace at 17%. This morning’s Export Inspections report from USDA shows soybean shipments of 497,070 MT in the week that ended on May 16. That was a slight drop from the previous week and 45.21% below the same week last year. A total of 205,944 MT was shipped to China.

Jul 19 Soybeans closed at $8.31 3/4, up 10 cents,

Aug 19 Soybeans closed at $8.38 1/2, up 10 1/4 cents,

Sep 19 Soybeans closed at $8.45, up 10 1/4 cents,

Jan 20 Soybeans closed at $8.69 3/4, up 10 1/4 cents,

Jul 19 Soybean Meal closed at $297.30, up $3.00,

Jul 19 Soybean Oil closed at $27.50, up $0.28

--provided by Brugler Marketing & Management



Wheat futures closed Monday with 9 to 16 cent gains in the front months. The Southern Plains continue to see abnormal amount of rain for this time of year, causing some disease concerns in the HRW crop. Monday afternoon, the Crop Progress report showed the winter wheat crop 54% headed, lagging normal by 12%. Texas is 8% harvested, matching the average pace. Condition ratings saw a 2% boost to 66% gd/ex, with the Brugler500 index up another 3 to 372 points. Spring wheat planting was in line with estimates at 70% complete, vs. the 80% average and 76% last year. Emergence at 26% still lags the 5-year average pace by 25%. Export Inspections for wheat during the week of May 16 totaled 757,704 MT. That was a 13.74% drop from the previous week but more than double the same week last year. YTD shipments are now 2.28% larger yr/yr at 23.58 MMT (866.4 mbu).

Jul 19 CBOT Wheat closed at $4.78 1/4, up 13 1/4 cents,

Jul 19 KCBT Wheat closed at $4.34 1/2, up 14 1/4 cents,

Jul 19 MGEX Wheat closed at $5.43 1/2, up 15 3/4 cents

--provided by Brugler Marketing & Management



Live cattle futures were mostly lower to start the week, with nearby June up a few ticks. Feeder cattle futures were down 32.5 to 82.5 cents, on weakness in live cattle and strength in corn. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were mixed on Monday afternoon. Choice boxes were up $1.14 at $221.45 with Select boxes 25 cents lower @ $208.03. USDA estimated Monday’s FI cattle slaughter at 120,000 head. That was down 1,000 head from last Monday and 1,000 above the same Monday last year. Cash sales were $115-117 last week, with most of Monday’s action compiling showlists for later in the week.

Jun 19 Cattle closed at $111.350, up $0.075,

Aug 19 Cattle closed at $108.525, down $0.400,

Oct 19 Cattle closed at $108.500, down $0.400,

May 19 Feeder Cattle closed at $134.150, down $0.375

Aug 19 Feeder Cattle closed at $144.775, down $0.725

Sep 19 Feeder Cattle closed at $145.875, down $0.825

--provided by Brugler Marketing & Management



Lean Hog futures settled Monday mixed, with nearby June down 62.5 cents and deferred contracts steady to 75 cents higher. The CME Lean Hog Index was up 38 cents from the previous day @ $84.59 on May 16. The weekly update to the Fresh Bacon Index shows a price of $168.17/cwt, up $12.78 from the week prior. The USDA pork carcass cutout value was up $1.26 at $86.53 on Monday afternoon. All primals were reported higher. The national average base hog was 23 cents lower on Monday, at an average weighted price of $80.92. Estimated FI hog slaughter was 472,000 head for Monday. That was 12,000 head above the previous week and 14,000 above the same day last year.

Jun 19 Hogs closed at $91.750, down $0.625,

Jul 19 Hogs closed at $93.000, unch,

Aug 19 Hogs closed at $94.450, up $0.500

--provided by Brugler Marketing & Management



Cotton futures saw 119 to 192 point gains in most contracts to start a new week. Rain in parts of northern TX and other parts of the Cotton Belt may slow cotton planting this week. The Crop Progress report indicated that 44% of the US cotton crop was seeded as of Sunday, 1% behind the average pace and 6% behind a year ago. The Cotlook A index for May 17 was up 50 points from the previous day to 77.35 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week.

Jul 19 Cotton closed at 67.910, up 192 points,

Oct 19 Cotton closed at 67.580, up 119 points

Dec 19 Cotton closed at 67.650, up 127 points

--provided by Brugler Marketing & Management



Wheat Higher on Wet Weather and Exports

Wheat futures closed Monday with 9 to 16 cent gains in the front months. The Southern Plains continue to see abnormal amount of rain for this time of year, causing some disease concerns in the HRW crop. Monday afternoon, the Crop Progress report showed the winter wheat crop 54% headed, lagging normal by 12%. Texas is 8% harvested, matching the average pace. Condition ratings saw a 2% boost to 66% gd/ex, with the Brugler500 index up another 3 to 372 points. Spring wheat planting was in line with estimates at 70% complete, vs. the 80% average and 76% last year. Emergence at 26% still lags the 5-year average pace by 25%. Export Inspections for wheat during the week of May 16 totaled 757,704 MT. That was a 13.74% drop from the previous week but more than double the same week last year. YTD shipments are now 2.28% larger yr/yr at 23.58 MMT (866.4 mbu).

Jul 19 CBOT Wheat closed at $4.78 1/4, up 13 1/4 cents,

Jul 19 KCBT Wheat closed at $4.34 1/2, up 14 1/4 cents,

Jul 19 MGEX Wheat closed at $5.43 1/2, up 15 3/4 cents

--provided by Brugler Marketing & Management

Soybeans Higher on Monday, Helped by Short Covering

Soybean futures ended the Monday session with the front months 10 to 10 1/2 cents higher. Support came from the grain complex and specs taking profits after Friday’s sell off. July soy meal was up $3/ton, with soybean oil 28 points higher. After the close, the Crop Progress report indicated that just 19% of the soybean crop was planted on May 19, below most expectations. The 5-year average for week 20 is 47%, as last year was 53%. NASS also reported that 5% of the crop was emerged, compared to the normal pace at 17%. This morning’s Export Inspections report from USDA shows soybean shipments of 497,070 MT in the week that ended on May 16. That was a slight drop from the previous week and 45.21% below the same week last year. A total of 205,944 MT was shipped to China.

Jul 19 Soybeans closed at $8.31 3/4, up 10 cents,

Aug 19 Soybeans closed at $8.38 1/2, up 10 1/4 cents,

Sep 19 Soybeans closed at $8.45, up 10 1/4 cents,

Jan 20 Soybeans closed at $8.69 3/4, up 10 1/4 cents,

Jul 19 Soybean Meal closed at $297.30, up $3.00,

Jul 19 Soybean Oil closed at $27.50, up $0.28

--provided by Brugler Marketing & Management

Cotton Higher on Monday

Cotton futures saw 119 to 192 point gains in most contracts to start a new week. Rain in parts of northern TX and other parts of the Cotton Belt may slow cotton planting this week. The Crop Progress report indicated that 44% of the US cotton crop was seeded as of Sunday, 1% behind the average pace and 6% behind a year ago. The Cotlook A index for May 17 was up 50 points from the previous day to 77.35 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week.

Jul 19 Cotton closed at 67.910, up 192 points,

Oct 19 Cotton closed at 67.580, up 119 points

Dec 19 Cotton closed at 67.650, up 127 points

--provided by Brugler Marketing & Management

Corn Closes Higher, NASS Shows 49% Planted

Corn futures saw 2 to 6 1/2 cents gains on Monday, posting multi-month highs in several contracts. Rains over the weekend and forecasts for more in the WCB over the next week were supportive. In the weekly Crop Progress report, NASS showed corn planting at 49% complete nationwide by Sunday, on the lower side of estimates and the slowest for week 20 since NASS started recording. That was well below the 80% average, with last year at 78% for this week. The crop was 19% emerged, with the 5-year average at 49%. All corn export shipments in the week of May 16 totaled just 820,916 MT. That was down 28% from last week and 47% below the same week last year. Exports YTD are now 3.09% larger than a year ago, at 37.454 MMT (1.474 bbu).

Jul 19 Corn closed at $3.89, up 5 3/4 cents,

Sep 19 Corn closed at $3.96 3/4, up 6 1/4 cents,

Dec 19 Corn closed at $4.04 1/2, up 6 1/4 cents

Mar 20 Corn closed at $4.14 1/4, up 6 1/2 cents

--provided by Brugler Marketing & Management

Hogs See Gains in Back Months

Lean Hog futures settled Monday mixed, with nearby June down 62.5 cents and deferred contracts steady to 75 cents higher. The CME Lean Hog Index was up 38 cents from the previous day @ $84.59 on May 16. The weekly update to the Fresh Bacon Index shows a price of $168.17/cwt, up $12.78 from the week prior. The USDA pork carcass cutout value was up $1.26 at $86.53 on Monday afternoon. All primals were reported higher. The national average base hog was 23 cents lower on Monday, at an average weighted price of $80.92. Estimated FI hog slaughter was 472,000 head for Monday. That was 12,000 head above the previous week and 14,000 above the same day last year.

Jun 19 Hogs closed at $91.750, down $0.625,

Jul 19 Hogs closed at $93.000, unch,

Aug 19 Hogs closed at $94.450, up $0.500

--provided by Brugler Marketing & Management

Cattle Close Mostly Lower on Monday

Live cattle futures were mostly lower to start the week, with nearby June up a few ticks. Feeder cattle futures were down 32.5 to 82.5 cents, on weakness in live cattle and strength in corn. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were mixed on Monday afternoon. Choice boxes were up $1.14 at $221.45 with Select boxes 25 cents lower @ $208.03. USDA estimated Monday’s FI cattle slaughter at 120,000 head. That was down 1,000 head from last Monday and 1,000 above the same Monday last year. Cash sales were $115-117 last week, with most of Monday’s action compiling showlists for later in the week.

Jun 19 Cattle closed at $111.350, up $0.075,

Aug 19 Cattle closed at $108.525, down $0.400,

Oct 19 Cattle closed at $108.500, down $0.400,

May 19 Feeder Cattle closed at $134.150, down $0.375

Aug 19 Feeder Cattle closed at $144.775, down $0.725

Sep 19 Feeder Cattle closed at $145.875, down $0.825

--provided by Brugler Marketing & Management

Soybeans Following Grain Complex Higher, Helped by Short Covering

Soybean futures are trading 11 to 11 1/4 cents higher in the nearby contracts at midday. Support is coming from strength in the grain complex and specs covering their record large short position. July soy meal is up $3/ton, with soybean oil 35 points higher. This morning’s Export Inspections report from USDA shows soybean shipments of 497,070 MT in the week that ended on May 16. That was a slight drop from the previous week 45.21% below the same week last year. A total of 205,944 MT was shipped to China. Traders are expecting USDA to show 28 to 30% of the US soy crop planted as of May 19. That would still be behind the 44% average pace. Commitment of Traders data shows managed money spec funds adding 8,282 contracts to their record net short position of 168,835 contracts in the week ending May 14.

Jul 19 Soybeans are at $8.33, up 11 1/4 cents,

Aug 19 Soybeans are at $8.39 1/2, up 11 1/4 cents,

Sep 19 Soybeans are at $8.46, up 11 1/4 cents,

Nov 19 Soybeans are at $8.58 1/2, up 11 1/4 cents,

Jul 19 Soybean Meal is at $297.30, up $3.00

Jul 19 Soybean Oil is at $27.57, up $0.35

--provided by Brugler Marketing & Management

Hogs Mixed at Midday

Lean Hog futures are mixed on Monday, with front months lower and deferred contracts higher. The CME Lean Hog Index was up 38 cents from the previous day @ $84.59 on May 16. The weekly update to the Fresh Bacon Index shows a price of $168.17/cwt, up $12.78 from the week prior. The USDA pork carcass cutout value was up a sharp $3.82 at $89.09 on Monday morning. The ham was the only primal lower, with the often-volatile belly up $23.18. The national average base hog was 96 cents lower on Monday, at an average weighted price of $80.19. Estimated weekly FI hog slaughter was 2.371 million head including Saturday. That was 30,000 head below the previous week but 32,000 above the same week last year.

Jun 19 Hogs are at $91.550, down $0.825,

Jul 19 Hogs are at $92.800, down $0.200

Aug 19 Hogs are at $94.300, up $0.350

--provided by Brugler Marketing & Management

Corn Higher as Rain Continues in Midwest And More Expected

Corn futures are posting multi-month highs in several contracts on Monday, up 6 to 7 1/4 cents in the front months. Rains over the weekend and forecasts for more in the WCB are supportive at midday. All corn export shipments in the week of May 16 totaled just 820,916 MT. That was down 28% from last week and 47% below the same week last year. Exports YTD are now 3.09% larger than a year ago, at 37.454 MMT (1.474 bbu). Trade ideas for planting progress are in the 48-55% range for tonight’s NASS report, which would be well below the 82% average for this date. As of May 14, the managed money net short position in corn futures and options was still at 282,918 contracts according to CFTC data.

Jul 19 Corn is at $3.90 1/2, up 7 1/4 cents,

Sep 19 Corn is at $3.97 1/2, up 7 cents,

Dec 19 Corn is at $4.05, up 6 3/4 cents

Mar 20 Corn is at $4.14 1/2, up 6 3/4 cents

--provided by Brugler Marketing & Management

Cattle Mostly Lower on Monday

Live cattle futures are mostly lower on Monday, with nearby June up a few ticks. Feeder cattle futures continue to feel pressure from the grains, down 47.5 to 97.5 cents. The CME feeder cattle index was down 30 cents to $132.76 on May 16. Wholesale boxed beef prices were higher on Monday morning. Choice boxes were up 86 cents at $221.17 with Select boxes 89 cents higher @ $209.17. USDA estimated weekly FI cattle slaughter at 660,000 head through Saturday. That was down 11,000 head from the previous week and 8,000 below the same week last year. Cash sales were $115-117 last week. Money managers in live cattle futures and options liquidated 17,405 contracts from their CFTC net long position in the week ending May 14, leaving them still net long 87,296 contracts.

Jun 19 Cattle are at $111.350, up $0.075,

Aug 19 Cattle are at $108.800, down $0.125,

Oct 19 Cattle are at $108.775, down $0.125,

May 19 Feeder Cattle are at $134.050, down $0.475

Aug 19 Feeder Cattle are at $144.600, down $0.900

Sep 19 Feeder Cattle are at $145.725, down $0.975

--provided by Brugler Marketing & Management

Wheat Higher on Weather and Exports

Wheat futures are showing 18 cent gains in the front month across all three exchanges, with deferred contracts 10 to 19 cents higher. The Southern Plains continue to see abnormal amount of rain for this time of year, causing some disease concerns in the HRW crop. Export Inspections for wheat during the week of May 16 totaled 757,704 MT. That was a 13.74% drop from the previous week but still more than double the same week last year. YTD shipments are now 2.28% larger yr/yr at 23.58 MMT (866.4 mbu). Trade ideas for spring wheat planting progress are in the 65-70% range, still lagging the 81% average for this date. Canadian planting progress has not been impacted as much. Spec traders in KC wheat futures and options trimmed back last week’s record CFTC net short position by 2,442 contracts, showing a net position of 56,424 as of May 14.

Jul 19 CBOT Wheat is at $4.83, up 18 cents,

Jul 19 KCBT Wheat is at $4.38 1/4, up 18 cents,

Jul 19 MGEX Wheat is at $5.45 3/4, up 18 cents

--provided by Brugler Marketing & Management