AgResource Wheat Comment and Analysis
Wheat Ends Lower; Spot European Market Targeting Chart Gap Left in September: CBOT wheat ended weaker for a fourth day, with KC scoring newer seasonal lows and Chicago/Minneapolis testing early/mid-autumn lows. The US winter wheat crop on Sunday was rated at 48% GD/EX, vs. 47% last week. Improvement in HRW ratings slightly more than offset…
AgResource Hog Comment and Analysis
Hog Futures Ease on Technical Selling: Hog futures were lower to start the week, with December hogs finding resistance against the 50-day moving average. June hogs were stopped at the 200-day moving average, while July and August hogs are holding just below contract highs. The cash hog index was down $.59 to start the week…
AgResource Soybean Comment and Analysis
Soybeans Rally on Strong Product Markets: Soybean futures were lower overnight and marked strong gains of 23-27 cents on Monday, with January soybeans finding support at the 50-day moving average. Soy product markets were higher, with soyoil pacing Monday’s rally while the meal marked a reversal to close $6.90/ton higher. The nearby CBOT crush spread…