AgResource Hog Comment and Analysis
** Hog Futures Bounce Off Of Key Support: Follow through technical selling again had hog futures lower on Tuesday, though futures were well above the early morning lows at the close. The CME Lean Hog Index was $.27 lower at $59.24 and is estimated a nickel higher for Wednesday. The Index has been back and…
AgResource Wheat Comment and Analysis
** CBOT Wheat Rallies Further; Black Sea Dryness Lingers: US wheat futures ended higher. Dec CBOT is now firmly trading above Minneapolis amid abundant US hi-pro supplies but tightening SRW stocks. Chicago’s premium to other markets will continue into 2020 as the SRW balance sheet stays tight without highly favorable Midwest weather next spring. World…
AgResource Corn Comment and Analysis
** CBOT Corn Recovers on Improving Nearby US Export Potential: CBOT corn futures recovered on improving US export demand. The attached graphic shows US Gulf corn’s premium to other origins since spring. Rather quickly, US Gulf corn has become competitive in the world market for Dec-Feb arrival. Whether better export demand continues beyond winter will…