AgResource Weekly Newsletter, Dec 12: Analysis of US Corn & Soy Export Demand
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Wheat Recovers, Tests 100-Day Moving Average: World wheat futures ended higher, with nearby contracts in Chicago, KC, and Paris all testing overhead resistance. It’s difficult to find the catalyst for Tuesday’s strength, but funds short position is historically large. World demand has returned in bulk, with Algeria & Tunisia in for new supply. This follows…
Hogs End Mixed in Quieter Trade: Hog futures were mixed on Tuesday, with December easing ahead of Thursday’s expiration while February marked solid gains. The cash hog index was down $.83 at $67.93. AgResource estimates a $.23 decline for Wednesday. The cash index continues its search for a seasonal low. The pork cutout value was…
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