AgResource Weekly Newsletter, Jan 3: Analysis of USDA’s Dec 1 Stocks Report
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CBOT Wheat Tests Bottom End of Recent Range: US wheat futures ended weak as the European market continues to struggle under the wheat of large existing supplies and sagging Russian offers. ARC’s work suggests exporter/global stocks are likely to be raised amid sluggish world trade flows in December. However, US and total world supplies aren’t…
Hog Futures End Lightly Mixed: Fund selling in the hog market relaxed on Wednesday, and futures closed lightly mixed but little changed for the day. April hogs were down $.30, October was up $.30, and the rest of the market was in between the 2 for the day. The cash hog index was down $.30…
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