AgResource Hog Comment and Analysis
** Hog Futures Close Firm at The Start The Week: Stabilizing financial markets supported hog futures. April closed higher, summer futures were a couple dimes lower, while late 2020 and 2021 futures were all more than $1 higher. The CME Lean Hog Index started the week $.03 lower at $56.33 and the Prior Day Slaughter…
AgResource Wheat Comment and Analysis
** US Wheat Ends Mixed; World Market Follows Negative Seasonal Trend: KC futures followed corn to modest gains of 5-6 cents. CBOT futures ended slightly weaker as funds continue to pare a sizable net long position. Hope for Chinese demand is noted but other bullish input is lacking. Prior to April – when Northern Hemisphere…
AgResource Corn Comment and Analysis
** CBOT Recovers as China Begins Accepting Duty Waiver Applications Tuesday: CBOT corn futures ended higher. Macro markets lent support with global equity rising record amounts despite the ongoing spread of coronavirus. ARC’s bet is that the virus’s impact on world financial markets is far from over. Yet, corn was technically oversold, and it’s become…