Wednesday was an inside day of trading in the hog market, that left futures higher at the close. Fundamentally, there is nothing new to report with cash trends still pointing lower. However, the CME caught support on limited selling interest and very oversold conditions. The hog index was down $1.08 at $75.68 and projected $1.09…
It was another dull day of trade in the soy complex at midweek that left futures 3-4 cents lower at the close. Meal was $1-2/ton lower, while soyoil bounced back in technical trade after closing a chart gap on Tuesday. Commodity fund traders were estimated sellers of 3,000 soybean & 2,000 meal contracts, while buying…
The table above, with data calculated by the National Climatic Data Center, reflects the probabilities for initial killing frosts (32°F or colder), and initial freeze dates (28°F or colder) for select cities within the key summer row crop producing states in the Plains and Midwest. In the Northern States, the odds of a killing frost…
US and European wheat futures bounced on Wednesday with traders discussing the potential for the formation of a seasonal low? Funds were net sellers during the session, and covered a portion of those sales going home. Wheat has been able to bounce late in the day during the past few days, a different price…
CBOT futures continued their push to the downside on a combination of fund selling and producer liquidation of old crop corn stocks. Funds were estimated as sellers of 9,000 contracts with end users noted buyers late in the session. September corn futures look to be headed to key support shown on the monthly charts…
