AgResource Weekly Newsletter, Nov 30
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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…
World Wheat Market Extends Plunge on Global Economic Uncertainty: World wheat futures ended 3-4% lower as fund liquidation accelerated. Managed funds prior to the Thanksgiving Day holiday were long a net 18,000 contracts in Chicago and 66,000 contracts in KC – both multi-week highs. ARC notes that volatility can be expected at lofty prices amid…
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