AgResource Hog Comment and Analysis
Hog Futures Fall as CME Cash Index Stalls: December hogs were under pressure from the open and ended the day $3 lower. Under the old trading limits, it would have been a limit down day, but recent changes expanded the daily trading limit to $4.50. The CME cash hog index was up 7 cents at…
AgResource Wheat Comment and Analysis
US Wheat Futures Correct Tepid US Export Sales, Wetter S Plains Forecast: US wheat followed the European market lower on Thursday. Unlike corn, US wheat demand is being slowed by high prices. Gulf HRW’s $20/MT premium to Russian origin will not attract incremental export demand. Cumulative US SRW sales of 47 Mil Bu are down…
AgResource Corn Comment and Analysis
CBOT Corn Rally on Solid US Export Sales; Brazilian Market Rally Accelerating: CBOT corn ended slightly higher despite weakness in neighboring wheat and soy markets. Managed funds bought another 3,500 contracts on Thursday. Increasingly, world cash prices relationships favor strong US export demand well into late winter 2021. Rising export demand potential will underpin breaks…
