Corn, soybean markets varied widely Wednesday morning
Despite widespread expectations for a substantial seasonal rally through January and early February, both cash hog and wholesale pork values suffered moderate losses Tuesday. The cash weakness reportedly continued Wednesday morning, thereby exacerbating the surprisingly negative short-term situation. As in the cattle/beef complex, swine traders are very likely anticipating a substantial seasonal rise in wholesale prices, so Tuesday afternoon news of a sizeable drop in pork cutout may have had an inordinate impact upon CME futures. The failure of bullish efforts to support nearby values above their short-to-intermediate-term moving averages may have sparked active technical selling as well. February hogs had plunged 1.27 cents to 85.87 cents/pound just before noon, while June futures had plummeted 1.72 cents to 97.12.
- New calculator can help soybean farmers with seed decisions
- U.S., Brazil close to ending cotton trade rift
- U.S.-Japan trade talks hit new farm exports snag
- Ag markets posted a general comeback Wednesday
- Midwest grain growers ‘Invest an acre to feed the world’
- Ag markets turned mixed around midsession Wednesday
- Activists fighting Golden Rice even more in 2014
- U.S. GMO labeling foes triple spending in first half of this year
- Source shows half of GMO research is independent
- White House issues veto threat on bill to block WOTUS rule
- East-West Seed signs marketing collaboration with Monsanto
- How much corn can the ethanol industry use?