AgResource Weekly Newsletter, Feb 15
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Hog Rally Resumes on Cash Market Strength: Hog futures built on Monday’s reversal and marked good gains on Tuesday. April hogs finished above $104, and June stopped just short of $114. The CME’s cash hog index was $1.59 higher on Tuesday at $90.51 and above $90 for the first time since early October. The slaughter…
CBOT Corn Sheds Risk Premium; Stronger Real Offsets Loss in Brazilian Market: CBOT corn futures ended sharply lower in tandem with the whole of world ag and energy markets. The trade’s perceived risk over a slowing of Black Sea grain exports eased overnight, but caution is warranted as there’s been no confirmation that overall tension…
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