AgResource Hog Comment and Analysis
Hogs Gain on China Trade Announcement: Hog futures rallied on Friday as the US and Chinese trade negotiators each confirmed that an agreement on terms of the first phase of a trade deal had been reached. Gains were pared in the last half of the day, and futures settled well under the highs. December hogs…
AgResource Wheat Comment and Analysis
Wheat Ends Firm; Market Awaits Chinese Trade Details: CBOT wheat futures ebbed and flowed throughout the session as the market digested varying sentiment surrounding Chinese trade. By late afternoon, details began to surface suggesting a Phase One deal now just awaits signing, and larger Chinese purchase of US ag products lies in the offing. The…
AgResource Corn Comment and Analysis
Corn Ends Higher; China Commits to Boost US Ag Purchases: CBOT corn futures ended moderately higher. It makes little sense to add to existing short positions, and after the close the US trade team indicated China plans to boost spending on US ag goods to $40 Bil. This will be heavily weighted towards meats, but…