AgResource Wheat Comment and Analysis
World Wheat Markets End Sharply Higher: Wheat markets ended higher on Tuesday with spot CBOT finding ample buying interest at late November’s low. A double bottom is in the works, and while Russian wheat is available cheaply ARC’s work maintains that even Russian cash prices hold limited downside risk at current prices. The lack of…
AgResource Hog Comment and Analysis
Hog Futures Gain On Bullish Charts: Follow through technical buying and firming cash trends supported higher CME trade at the start of the week. April hogs rose to the highest price since last June, while July and August hogs both closed above $99, with August setting a new contract high. The cash hog index was…
AgResource Corn Comment and Analysis
CBOT Corn Firm; European Market Paces Rally: Corn prices in the US, Brazil and Europe recovered on Tuesday. Calling a bottom is difficult, but ARC maintains an intermediate to lasting low is near based on an abundance of net short corn futures – and as key weather in both Hemisphere lies just ahead. The performance…