AgResource Hog Comment and Analysis
Hogs Gain in Early Week Trade: CME hog futures were higher to start the week with support coming from technical buying and strength in the cash index. October hogs marked the 2nd consecutive day above the 100-day moving average, while February traded a 10-week high. The cash hog index gained $.36 to $53.84 on Monday.…
AgResource Wheat Comment and Analysis
CBOT Wheat Follows EU Market to 2-Week High; Black Sea Market Unchanged: CBOT wheat futures rallied 15-17 cents with KC/MGE contracts in tow. European wheat continues to lead the rally amid additional talk of Chinese interest in French origin. France’s exportable surplus in 2020 will be down sharply from 2019. The attached graphic shows that…
AgResource Corn Comment and Analysis
Corn Breaks Through Major Moving Averages; Crop Rating Drop Only Slighly: CBOT futures ended sharply higher as spot Sep traded through its 50- and 100-day moving averages for the first time since the release of the June acreage report. Soaring wheat values compounded the advance. However, crop ratings as of Sunday were far better than…