Seed Consultants Market Watch 10:29 update with Gary Wilhelmi 11/26/2012

S&P 1402 off 7 with support at 1380
Cattle call steady to higher and hogs steady
Watch show lists in cattle and boxed trade
Dec hogs are at a $4 premium to cash
Pork margins positive
Pork supplies plentiful
Iraq and Jordan shop for wheat but US is noncompetitive
188,000 of soy oil sold sine 11-14 to unknowns and China
Gulf corn and soybeans steady
Corn is three month consolidation
Japan was lead buyer of corn last week due to shipment delays out of Brazil

Recommended Posts

Loading...