AgResource Hog Comment and Analysis
Hog Futures Resume Rally on Cash Index: CME hog futures marked modest gains on Thursday, though April held within the narrow trading range that has developed throughout the week. June and July hogs set new rally highs and traded at the highest price in over a year, and August set another contract high. All summer…
Analysis of Corn, Soy Revenue Insurance Prices
Thursday marked the end of the price discovery period for federal crop insurance programs for summer row crops. The average price of December corn and November soybeans during the month of February will be used for farm revenue calculations. CBOT grain prices have been under pressure from the start of 2024, and crop insurance base…
AgResource Soybean Comment and Analysis
Soybeans Rebound from Contract Lows: Soybean futures slipped to early day contract lows and finished near the session highs. S American soybean oil premiums have moved higher in recent months as the CBOT has declined. Nearby Brazilian basis this week is now the highest since September 2022, with Argentine basis closely tracking. US Gulf soyoil…