AgResource Hog Comment and Analysis
Hog Futures Rally to Start the Week: CME hog futures found support from rising cash prices and narrowing CME premiums and closed higher to start the week. April hogs marked the smallest gain but widened the premium to the cash index to $1.56, while May through August contracts were more than $1 higher. The CME…
AgResource Wheat Comment and Analysis
Wheat Consolidates Amid Russian Export Uncertainty; US Plains Crop Ratings Favorable: World wheat futures ended mixed but little changed. The Russian cash market is again firmer amid uncertainty over the speed at which the second largest exporter can ship in spring, but panic is absent and Russian wheat remains offered aggressively compared to US/EU origin.…
2024 US Soybean Acreage Forecast by State
NASS will release the 2024 Prospective Plantings report on Thursday. The 2024 report is of increased importance for the market as it will be immediately followed by the Good Friday and Easter holiday three-day weekend, which hasn’t happened since 2018. The table above and the graphic reflect AgResource’s best estimate of intended US soybean acres…