CME Hogs End Lightly Mixed: Follow through technical selling had CME hog futures lower in early morning trade. However, April found support below $86 and was nearer to the session high at the close. July and August hogs again had support below the 50-day moving averages and were higher for the day. The CME’s Lean…
MJO is forecast by ECMWF to shift toward the tropical Atlantic in March causing a colder pattern change in the U.S.
Brazilian Real Spot 1USD = R$5,13 Argentinian Peso Spot 1USD = $195,32 Drought, high temperatures and frost threaten grain production in Argentina while Brazil produces a record crop. During the last few weeks, Argentina has suffered from unfavorable weather behavior ranging from droughts to high temperatures and frost. After the absence of rain, the country…
An assessment of current and projected drought risk for all crop areas through June 2023.
AgResource Farm Marketing Advice for Thursday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if March Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. CBOT grain futures are lower at midday with March corn falls below key support at $6.70 while fresh selling pulls March KC wheat…
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