Favoring Snow and Cold Much of The Time in Europe
Widening and deepening snow cover is the key to the January forecast which features a colder regime ahead.
Colder Weather To Return To U.S. Later January
Anomalous warmth lasts through mid-January across the U.S. but colder changes are due to follow as snow pack widens.
Hogs Quietly Trade Higher Through Thursday
Hog futures were back and forth through Thursday and were mostly higher at the close. February hogs again had resistance above the 200-day moving average but were higher at the close. The hog index was down $.15 on at $53.05 and we estimate a $.17 gain for Friday. CME hog futures began adding premium…
Soybeans Extend Gains on Drier Brazil Conditions
Soybeans extended weekly gains and finished 5-6 cents higher. With daily/weekly USDA sales data being withheld via the USDA’s partial closure, the trade is reacting to drier conditions in Brazil for price guidance. Rain across the key growing regions of Brazil has largely been behind normal for the last several weeks, and the forecast does…
US Biodiesel Update
The December Biodiesel Production report that was released on Monday and it showed a recovery in US biodiesel output during October. US biodiesel output was 70 Mil Gal, just short of the record that was set back in August. US annual capacity increased to 2,431 Mil Gal/year, and capacity utilization of 84% was the 2nd…
