AgResource Weekly Newsletter, Nov 30
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Corn Liquidation Persists Amid Negative Macro Sentiment: CBT corn futures ended sharply despite worrisome short- and long-term weather forecasts in Argentina and Southern Brazil. Market focus rests squarely on macro financial markets which are debating Omicron’s impact on future travel & spending as well as the US Fed recognizing inflation is no longer transitory. The…
Hogs Finish Lower on Fund Liquidation: Hog futures were mostly weaker on Tuesday as funds liquidated length across a host of commodity and other financial markets. The exception was December, which extended its lead over the cash index and gained close to $1.00. The CME cash index was $1.03 lower on Tuesday and is projected…
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