Corn futures have traded back and forth this week, based mostly on weather. The forecast has indeed trended wetter and a bit cooler across the Central and Eastern Midwest, but coming moisture will only barely keep up with evaporative loss. There’s no sign of any lasting pattern of rainfall across the Plains and W Corn…
It was an inside day of trading in the soybean market that left both old and new crop futures above unchanged, but well under the early highs. Weather continues to hold the trade’s attention, with current dry conditions put against a wetter forecast that has rains falling across the entire Cornbelt in the last half…
After a higher open, hog futures rallied back to recover most of Monday’s losses. July led the rally, while December matched the best daily close since late March. The hog index was up $.57 at $80.59 versus June hogs at $82.775, and the index is projected to be another $.57 higher on Wednesday and the…
Globally, MAR/APR/MAY was wet but JUN/JUL/AUG finds a drier pattern.
The upper ridge pattern over Western Europe during springtime is forecast to extend eastward toward the Black Sea region mid-to-late summer.
