AgResource Hog Comment and Analysis
Hogs Futures Push Higher on Fund Buying: CME hog futures were mostly higher on Thursday. December was the exception and fell $1 on weakness in the cash index. The rest of the market continues to price in a December cash market low. February hogs marked the third consecutive day above the 100-day moving average. The…
AgResource Wheat Comment and Analysis
Global Wheat Futures End Mixed; Outlook Stays Bullish: Paris milling wheat rallied to new contract highs in early trading, while US futures ended steady/ weaker. It’s clear that US export demand remains limited to traditional buyers, with cumulative 21/22 US wheat export commitments down 21% from last year at 503 Mil Bu. Other breaking news…
AgResource Soybean Comment and Analysis
Soybeans Set Back on Profit Taking: Soybean futures ended weaker on profit-taking in soymeal on Thursday. At Wednesday’s high, January soybeans were $1.08 over the low that was traded just 6 days prior. The US holiday looms. US soybean exports slipped to a three week low of 86 Mil Bu, but were still 10 Mil…