AgResource Weekly Newsletter, Feb 13: Accuracy of USDA Outlook Forum Wheat Estimates
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Hog Futures Close Mixed in Back-and-Forth Trade: CME hog futures were mixed at the end of Tuesday’s trading. February hogs advanced $.65 ahead of Wednesday’s expiration, and the rest of the market lightly mixed. The cash hog index gained $.10 on Tuesday to $73.70, and AgResource estimates a $.41 increase for Wednesday. The pork cutout…
CBOT Corn Shrugs Off Dollar Strength, Ends Firm Amid Crude Rally: CBOT corn futures ended slightly higher despite weakness in Europe and ongoing aggressive Ukrainian offers. Spot WTI crude is testing the upper end of the recent range at $78/barrel. Cash ethanol prices are stable. Ethanol margins are solid relative to history amid Midwest cash…
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