Wheat Futures Soar on US Winterkill Concern; Russian Cash Trade Nonexistent: US wheat futures ended sharply higher amid rising global supply concerns and a complete lack of Black Sea cash trade. The USDA’s chief meteorologist painted a grim picture of crop potential in TX/OK following record cold while bitterly cold temps arrive in Ukraine/Russia this…
Hog Futures End Firm; Cash Index Moves Higher: CME hog futures recovered from an early morning break and were higher across the board on Thursday. Strength in the cash index continues to support the CME trade. The cash index gained $1.02 on Thursday to a 4-month high of $76.53, or $20 higher than a year…
Never Sell a Low Volume Break in a Bull Market! Midday CBOT futures are mixed with wheat futures soaring while corn/soybean futures ease lower in limited volume. At midday (and including the overnight trade) just over 56,000 contracts of March soybeans and just over 52,000 contracts of March corn have changed hands. This compares to…
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