AgResource Hog Comment and Analysis
Hog Futures Gain in Early Week Trade: CME hog futures marked modest gains to start the week in quiet trade. December closed back above $72, and the best gains were realized in summer hog prices. June hogs are still below major moving averages, while July and August are both well above all moving averages. Hog…
2023/24 US Soybean Oil Outlook
The table above provides monthly soybean oil supply and use estimates based on the October WASDE, with some minor changes that are highlighted in the table. The November Fats and Oils report released after the October WASDE showed that September soybean oil production was slightly below the WASDE estimate, reducing 2022/23 annual production to 26,226…
AgResource Soybean Comment and Analysis
Soybeans Extend Monthly Gains on Brazil Weather Concerns: Soybean futures gained 10-12 cents to start the week as the market pays increased attention to Brazilian weather problems. Too much rain in some areas and too little in others has delayed planting and started to trim the potential for the Brazilian soybean crop. The soy product…