AgResource Wheat Comment and Analysis
Wheat Trades Wildly; Putin Aims to Ban Russian Raw Material Exports: Wheat futures settled lower but rebounded from limit losses at midday following news that Putin signed a degree that restricts Russian exports of raw materials through the remainder of 2022. Details are unknown, but there’s talk that stores in Russia are capping the purchase…
AgResource Hog Comment and Analysis
Hogs Futures Rally, Cash Index Slides: CME hog futures rallied to strong gains on Tuesday and settled $2-4 higher. The narrowing spread to the cash index offered support for April, while July hogs marked the strong gain for the day and closed nearly $4 higher. The CME cash hog index was down $.29 at $99.28,…
US Soybean Exports in January
The February International Trade Report showed US soybean exports in January totaled 235 Mil Bu. This was down 85 Mil Bu from last year and nearly 3 Mil Bu less than the FGIS Monthly Grain Inspections report. The inspections report indicates that total February exports could slip to 142 Mil Bu, amid fewer days in…