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North Mountain Ag Services

North Mountain Ag Comments

NORTH MOUNTAIN AG COMMENTS December 7, 2017 Lean hogs were softer in yesterday’s trading session as traders questioned recent gains in second quarter 2018 contracts. Corn futures have struggled to rally in the face of strong Brazilian exports. South American soybean crop expectations are being reduced base on La Nina’s weather pattern.  Despite the weather, there are still large global supplies relative to a year ago. Our clients trading grain futures will be happy to note that margin requires for corn have been reduced by $100 per contract. USDA has reduced the milk price forecast for 2018.  This is tough news considering the fact that Class III milk futures for 2018 are currently struggling to trade beyond the $14-$15 range. Marketing managers are reporting that wheat sales are below expectations.  Traders certainly appear to be reluctant to buy wheat,...

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