AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop if March Chi wheat reaches $8.80. This would push 2021 cash wheat sales to 75%. 6:30 AM CT CBT Prices: Jan soybeans are down 6.00 cents at $12.55, Mar corn is up .50 of a cent at $5.8775 and…
Hog Futures Lower at Midweek: CME hog futures were continued lower through midweek. The cash index gained $.16 to $70.94, and December hogs finished near the index at $70.65. The pork cutout value jumped $9.35 on Wednesday and was back above $90. Most of Wednesday’s rally came from a near $30 rally in the ham…
Wheat Markets Ends Weak as Focus Turns to Supply: US & European wheat futures ended lower on Wednesday amid supply-based liquidation. The USDA in its Dec WASDE will raise exporter production 5-6 MMTs following recent hikes in Australia, Canada and Argentina. The pace of world trade to date argues for a 3-4 MMT boost in…
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