April hogs opened the week higher, and then rallied to close out a chart gap left on Friday, but gave back some of the day’s gains just ahead of the close. The cash index was down $1.40 from Friday (-$.60 for Monday and -$.80 for Tuesday) at $72.09, and projected another $.68 lower for Wednesday.…
Wheat futures corrected modestly amid a lack of any market-specific news, and as very lite snow fell across KS over the weekend. However, overall the US Plains will be nearly completely dry into the opening days of March. We also mention that a major temp pattern change is due in Europe & the Black Sea…
Corn futures fell 1-2 cents, though other than a further recovery in the US dollar fresh input is lacking. It’s becoming increasingly probable that Argentina sees little/no rain through the next 30 days, after which only a small portion of the crop can be improved. US Gulf corn is still the world’s cheapest feedgrain through…
Argentina Temps in the Upper 80’s to mid 90’s and Completely Dry: Argentine temps in the next two weeks will be more seasonal, but above normal with highs ranging from the mid-80s to the mid 90s. However, the EU, GFS and Canadian models agree that complete dryness will expand into the opening days of March.…
Soybean and meal futures spiked higher at the open, and then gave back some of the overnight gains on profit taking and increased farm selling. Market news for the day had export inspections seasonally declining, while weather forecast for Argentina show limited rains across the soybean belt over the next 10 days. After holding at multi…
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