AgResource Hog Comment and Analysis
** Hog Futures Fall to Limit Losses on Large Supply Amid China Virus Fear: Hog futures gapped lower at Thursday’s open and fell to limit losses. Other US financial/commodity markets were under considerable pressure on China coronavirus fear. CME hog futures held historic premiums amid hope of China export demand and the virus scare has…
AgResource Wheat Comment and Analysis
** CBOT Wheat Ends Weak but Near Session High: US wheat futures ended fractionally weaker on fund/macro-based selling. Wheat’s performance in the US & Europe was more stable than neighboring summer row crop futures. It’s premature to turn outright bearish wheat and a more lasting/substantial break likely awaits on favorable early season Northern Hemisphere crop…
AgResource Corn Comment and Analysis
** CBOT Corn Falls on Coronavirus Fear/Wet Argentine Weather Forecast: March corn fell 5 cents to $3.795 March. US weekly corn export sales were a solid 49 Mil Bu, up 10 Mil on the prior week. Additional large sales should be expected in the next 2-3 weeks. US corn is the world’s cheapest feedgrain into…