AgResource Hog Comment and Analysis
CME Hog Futures Extend Gains Ahead of the Weekend: Technical buying and fund short covering supported another strong close in hog futures on Friday. February hogs stopped just short of $72 and marked the highest weekly close in 4 weeks. The cash hog index was down $.39 at $67.75, and AgResource estimates a $.59 decline…
AgResource Soybean Comment and Analysis
Soybeans Ease on Friday: Soybean futures were under technical pressure ahead of the weekend, but a supportive NOPA crush report lifted the market at the end of the day, and most futures finished higher for the week. The Commitment of Traders report showed that Managed Money funds were net sellers for the week of close…
AgResource Corn Comment and Analysis
CBOT Corn Ends Firm on Late Session Buying; Brazilian Rally Continues: CBOT corn ended 3 cents higher. Spot corn in Brazil rallied another 4 cents and closed at $6.26/Bu. Close attention will be paid to Brazilian prices as the rally has been quick and rather intense. ARC also notes that cash prices in Brazil have…