AgResource Hog Comment and Analysis
** Hogs Recover Along with Macro Markets: CME hog futures ended slightly higher as major world equity indices recovered. April hogs on Monday gapped lower and ARC fully expects this gap to be filled. This implies nearby upside potential to $72.80. Thereafter, the market needs confirmation of elevated buying from China, and in general needs…
AgResource Wheat Comment and Analysis
** CBOT Wheat Ends Weaker; Global Cash Market Stays Firm: March CBOT wheat ended 2 cents lower, but wheat futures across the world appears to have shrugged off concern over the spread of coronavirus in Asia. French public rail service will continue to normalize this week but exports continue to be affected by a lack…
AgResource Corn Comment and Analysis
** Corn Finds Strength on Additional Export Demand: March CBOT corn rallied 6 cents. FAS’s daily export sales reporting system continues to reveal new interest in US origin. This morning US exporters sold 124,000 MTs of corn to Mexico and since last Thursday have sold a sizable 522,000 MTs of corn for old crop delivery.…