An early break in the hog market again found good demand that carried hogs higher into the close on Friday. July again marked the best gain for the day, settled at a new contract high, and was above $80. The hog index was up $.78 at $74.92 and projected $.63 higher for Monday. A year…
Soybeans traded were higher overnight and able to extend gains through the day as the Brazilian currency was able to recover much of Thursday’s loss. In the soy product markets, old crop meal was down slightly for the day, while new crop ended just above unchanged, and soyoil recovered almost all of Thursday’s losses. Commodity…
Thirty percent of Saskatchewan’s crops were planted as of May 15 (see red circle in chart below). That’s down from last year’s 51% (see black line). While the year-to-year difference in planting progress is dramatic, the 10 year average of planting progress as of the third week of May is 42% (see black line in…
** A stronger Brazilian Real and the worry of fund managers that they may be too short ahead of the heart of the growing season has lifted CBOT corn, soy and wheat futures at midday. The volume of trade has been sizable with over 140,000 contracts of July corn and 75,000 contracts of July corn changing…
The headline on this article is the same as last week’s. The second time is the charm. AgResource tracks the lineup of vessels at US ports in order to gauge the intensity of nearby soybean export demand. Last week’s lineup suggested that inspections would be higher. Instead, inspections set a new weekly low of just…
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