AgResource Hog Comment and Analysis
Hogs Gain on Technical Buying and Cash Index Strength: Hog futures closed higher across the board on Tuesday, led by a rally in October hog futures. October and December futures reluctantly followed the cash index higher as the market anticipates a correction following the Labor Day holiday. But both contracts will remain supported until a…
AgResource Wheat Comment and Analysis
Wheat Prices Rally Strongly on Large Fund Buying: US and world wheat futures ended sharply higher with fund buying estimated over 10,000 contracts. The fund demand in active volume is said to be related to macro market conditions. The US dollar has been in decline and Russian farmers are tight fisted with new crop sales…
AgResource Corn Comment and Analysis
Corn Closes Firm, Supported by Wheat Rally: Corn futures closed firm, recovering overnight losses as wheat futures rallied. Ag markets have seen a huge speculative inflow, and funds were buyers on Tuesday’s early break. Export demand also offered support for the CBOT trade. The USDA announced that China had booked another 23.5 Mil Bu of…