AgResource Weekly Newsletter, Nov 16
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Hogs Rally to Strong Gains on Technical Buying: CME hog futures rallied to strong gains on Tuesday. Technical buying developed as February pushed above the 200-day moving average and again as the market cleared the 100-day moving average. Summer hog futures followed, with June and July both ending above $96. Iowa State University’s estimated for…
Needed Rain to Impact Southern Brazil; Argentina Dry Next Two Weeks: The South American forecast has trended in wetter in Southern Brazil, with the EU and GFS model in agreement that precip of .50-2.00” will fall across RGDS and Parana in the next 72 hours. Such rain will act to stabilize soil moisture and the…
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