AgResource Hog Comment and Analysis
Hog Futures Rally on Cash Index Strength: Hog futures quickly brushed off the results of Thursday’s Bearish Inventory Report and rallied to strong gains. October hogs led the rally amid continued strength in the cash index and traded to the highest price since mid-February. All of the coronavirus losses have been recovered in both cash…
AgResource Wheat Comment and Analysis
US Wheat Market Continues to Extract Premium; Russian Weather Becomes Critical in Early October: US wheat futures ended weak. Wheat-specific input is lacking but massive US premiums to other origins leave room for fund liquidation without fresh bullish input. EU futures ended firm, but Gulf HRW’s premium to comparable EU & Black Sea origin remains…
AgResource Corn Comment and Analysis
CBOT Corn Recovers Slightly on Bounce from $3.61-3.61 December Support: CBOT corn futures ended with modest gains. Recall any delay in soybean planting dates could impact safrinha corn planting dates in February. It’s premature to be concerned, but its something that should be watched in coming weeks. Rallies will struggle on weak interior basis and…