agricultural

Farmers from Australia to Europe to the U.S. are poised to reap the second-largest wheat crop on record as fields recover from drought and heat waves, boosting global stockpiles for the first time in four years.
The summer drought is starting to catch up with hog supplies, while cattle may abandon seasonal weakness for a long-term bullish bias.
Hogs are trending as expected, while packer margins, the fiscal cliff and "heavy weight" cash prices could move cattle.
Consider this bearish tendency before you jump on the bullish bandwagon in hogs.
The long-term picture for cattle and hogs is coming into focus, and it looks fairly bullish. However, the short-term bias is more neutral.
Hog futures prices rise with little warning, while cattle demand takes a breather in the wake of Hurricane Sandy.
Hogs appear to be topping, while long-term cattle prices remain bullish on fundamentals.
Short-term trades are key for hogs right now, while cattle's bigger picture may offer the best opportunity for significant gains.
Playing September bounce in hogs requires finesse, while assessing cattle fundamentals takes a long-term perspective.
Cash hogs are trending lower, but they are following the seasonal pattern, suggesting support going forward. Meanwhile, Japan expands demand for U.S. beef.