AgResource Hog Comment and Analysis
** Hogs Turn Down on Profit-Taking and Large Kills: Hog futures gave back earlier week gains on Friday $1-2 lower. World commodity and financial markets are nervous of the coronavirus spreading through China, and what it means for future energy and food demand. Several major cities have been closed, and the fear weighed on US…
AgResource Wheat Comment and Analysis
** CBOT Wheat Falls on Profit Taking; Large Russian Wheat Stocks: CBOT wheat futures ended 6-7 cents lower. EU futures followed. Wheat was not immune to global concerns over China’s coronavirus and the global markets needs constant to fuel to sustain the bull run. ARC’s contacts suggest current Russian wheat stocks are much larger than…
AgResource Corn Comment and Analysis
** CBOT Corn Ends Weak Ahead of Lunar New Year; Macros Markets Plunge: CBOT corn futures ended sharply lower. China’s Lunar Year celebration begins this weekend, and sizable purchases of US corn have not been confirmed. Macro markets ended sharply lower as concern over coronavirus in China remains intact. Crude fell to 12-week lows. Ethanol…