AgResource Hog Comment and Analysis
Hogs End Mixed on Nearby Strength: December hogs closed higher as the market bounced from oversold conditions amid the widening spread to the cash index. Other futures contracts were reluctant to follow. At the close, December hogs were more than $11 under the cash index versus average of $5-6.00. The cash hog index was 9…
AgResource Wheat Comment and Analysis
CBOT Wheat Resumes Uptrend; Egypt Purchases Supports Black Sea Market: US and world wheat futures ended higher on Friday. Fundamental input remains mostly bullish as arid conditions will persist in Ukraine and Southern Russia into Nov 1 and as Egypt’s snap tender result validates the recent surge in world cash markets. Egypt bought 165,000 MTs…
AgResource Corn Comment and Analysis
CBOT Corn Ends the Week Higher; European Market Soars: Dec CBOT corn rallied 4 and US values continue to follow other world markets upwards. Talk of additional Chinese import licenses is unconfirmed. Brazil’s interior market continues its surge, ending the week up $.55/Bu. Spot corn in Europe rallied €6/MT ($.18/Bu). There’s further upside in Europe…