This trading week marked a series of reversals, and the latest trend continued for the most part today. It was generally pre-holiday lower volume for corn, wheat, and lean hogs but there was outsized volume trading in soybeans. Some notable stats from today and the trading week include:
Today’s closes above the 20-day moving average included: corn, soybeans, soymeal, soyoil, SRW, HRW, HRS, cattle and hogs. It was the first close above the 20 MA for corn in five weeks.
The October lean hog contract was the biggest market gainer last week, and while wheat took over the top spot this week, hogs have been on a steady rise since 8 August.
In terms of the number of trading sessions in a row with higher closes, the ho...
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WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
