Weekly Winners & Losers
Aside from beans, meal and cattle - it was another week in the red.
Hogs had a wild day Friday, trading up at much as 7.5% before collapsing and closing down 0.9% after a bearish cutout report.
Dalian (Chinese) corn futures have been up five of the past six trading sessions, with new crop November futures closing at the equivalent of $9.45/bushel Friday.
Meanwhile, CBOT Dec corn continues it’s slide:
With the climb in China’s corn futures and the decline in US futures, the spread between the two has widened beyond $5 for the first time since the Fall of 2021.
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