Hog futures fell to new lows through Thursday, with softer cash markets and fund liquidation weighing on the late week CME trade. April hogs stopped just short of $60, while June reached its first technical target and closed a chart gap that was left last August. The cash index was down $.22 at $57.67 vs.…
US and EU wheat futures were unable to move higher amid limited news and as optimism over a Chinese trade deal were low at midday. But President Trump after the close mentioned China would buy corn/wheat specifically. And China’s VP Liu reiterated it would seek US ag goods during the ongoing tariff truce. US…
Higher overnight trade gave way to fund profit taking and technical selling, that had soybeans under pressure into late in the day. The weekly FAS Export Sales Report didn’t offer any inspiration for the bulls, and the market is sensitive to the ongoing China negotiations. Funds were estimated sellers of 4,000 soybean contracts. The…
March corn ended 5 cents lower, with a comprehensive Chinese trade deal lacking. However, in recent hours China’s VP Liu stated China will commit to buying sizable tonnages of US ag products as a sign of good faith. Other input remains supportive. $3.72-3.76 has marked strong chart-based support since November, and we don’t’ see any…
South American Forecast Unchanged, Viewed as Mixed: The forecast maintains better rainfall in Brazil and near normal conditions in Argentina moving forward. Confidence is high with respect the coming pattern shift, which begins next week. However, significant crop benefits in Brazil will be only regional in nature. The attached graphic shows Feb 1-14 % of…
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?
