It was a mostly higher day in the hog market with the exception being nearby April amid ongoing weakness in the cash market. The CME’s lean hog index was down $.29 at $66.38 and projected another $.44 lower for Friday, which puts the weekly decline at $1.71. The rest of the market closed higher, with…
Bottom Line: Today, Egypt’s GASC purchased 240,000 MT of wheat. The average CIF price paid was $233.71/MT. That is the highest price paid in three years. For the first time in 6 weeks, Romania was able to capture half the business with Russia accounting for the rest. On a FOB basis, the average price paid was $217.89/MT, up…
May Chicago wheat fell below its 20-day moving average for the first time since mid-February, and weak export sales leave room for debate over US stocks in spite of ongoing drought across the HRW Belt. ARC also notes that widespread soaking rain is due across NE and SD in the next 24 hours. Export…
Argentine Forecast Mixed; Major Pattern Shift Delayed Until March 25: The models have struggled with the details of Argentine over the next two weeks, and model agreement is only fair this evening. It does appear likely that better rainfall lies ahead, but not until the final days of March and crop stress will be ongoing…
Corn ended weaker for a second consecutive session, and following the recent rally the market is expected to consolidate in a range of $3.85-3.95, basis May, ahead of NASS’s planting intentions. Note that as of Tuesday ARC estimates that managed funds were long a net 195,000 contracts, the most since the summer of 2016, and…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
