AgResource Corn Comment and Analysis
CBT Corn Rallies into Close; Argentine Climate Pattern Worrisome: Profit taking faded at midday as South American yield risks stay elevated and as US basis levels begin to react to the massive looming US export program. Periods of consolidation and even corrections will occur, but much higher values are needed by spring to reconcile record…
AgResource Hog Comment and Analysis
Hogs Turn Down on Profit-Taking: Hog futures closed higher on Friday and most contracts marked strong weekly gains. February finished down for the week as the market focuses on the upcoming expiration and the contract’s current premium to the cash index. The cash index gained $.04 on Friday at $83.33. US red meat production continues…
AgResource Wheat Comment and Analysis
World Wheat Markets Rise; No Sign of Needed Weather Pattern Changes in US Plains/North Africa: US wheat futures ended 8-19 cents higher, led by KC. There was no particular catalyst for the move, but EU origin wheat was undervalued amid steady Black Sea fob offers. Additionally, the attached graphic shows that interior wheat prices in…