Hogs opened higher on Thursday and traded higher through the day, following the cattle trade, but also supported by strengthening cash prices. June finished above it’s 100 day moving average, while December marked the 2nd consecutive day above it’s 50 and 100 day moving averages. The hog index was $.85 higher on Thursday at $61.14…
Global wheat futures ended lower today, with HRW contracts now leading the way to the downside on a higher than expected KS wheat estimate from this weeks’ tour. Crude fell sharply, with triggered a massive correction in Russia’s currency, which in turn boosts Russia’s export potential, and forecast in the Black Sea in recent days…
Corn futures followed other markets to sharp losses, and fresh input today is mostly negative. ARC doubts that a lasting period of warmth will develop across the Eastern Corn Belt, PA and New England until the second half of the month, but otherwise a more seasonal US weather pattern lies in the offing. Argentine harvest…
US Weather Pattern More Normal Mid/Late May; Drought Nearly Eliminated: Excessive and unwanted rain will continue to work across the Eastern Midwest & New England over the next 24 hours, but otherwise a more normal spring climate lies in the offing. Cool temps will also persist into the middle of next week across the Eastern…
AgResource takes a look at how US export shipments to date compare to the USDA’s annual forecasts.
