CBT Wheat Holds Chart Support; World Cash Market Unchanged: US wheat futures ended steady to higher with Dec CBT unable to trade below its 20-day moving average. Wheat-specific news today is limited and lack of movement in world cash values limited new buying interest. Yet, ARC’s work suggests that managed funds in Chicago are net…
Soybeans Creep Higher in Early Week Trade: Soybean futures held a narrow range and closed higher to start the week. Market news at the start of the week was limited, but Midwest cash markets are firming, and soybeans also found support from strength in corn prices. The Crop Progress report showed that the US soybean…
Hogs Hold Firm in Early Week Trade: Hog futures closed higher to start the week, with December hogs again finding support under the 200-day moving average. The spread between the cash index and December hogs narrowed close to $1.50 for the day as the cash index continued lower. The index was down $1.23 at $87.59…
Updating and Adjusting The Winter 2021-22 Outlook: DEC/JAN chill Central into Northeast U.S. Winter ends mild across the East. Executive summary: Cold SSTA in the Gulf of Alaska and off the U.S. West Coast to the south of Hawaii have developed. The NCEP CFS V2 weakens the cool SSTA pattern but is the most aggressive…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. Early weakness found new buying in Chicago – despite a relative weakening of global energy markets and a lack of new export sales announced by FAS this morning. AgResource in recent days has highlighted the recent surge in end user margins, which profitability spread from…
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