Weekend Commodity Wrap Up
AgResource breaks down the week in ag commodities.
Hogs Extend Weekly Gains Ahead Of The Weekend
Hog futures were higher at the start on Friday and buying continued into late the day. For the week, June hogs traded a $5.85 range and marked the best close since late March. The hog index was down $.22 at $59.71 and projected $.08 lower for Monday. However, negotiated trade has been higher for the…
Wheat Maintains Support Ahead of Weekend Cold
Another round of freezing or near freezing overnight lows is expected much of the HRW Belt on Saturday, funds still hold a massive short position, and unlike corn and beans US and world wheat markets remain well supported. AgResource does note that weather in Europe is improving and domestic Russian cash prices continue to sink,…
Corn Futures Correct on Warmer, Drier US Forecast
The back and forth is ongoing in corn futures, and increasingly daily price action will be driven by weather model updates. The US forecast is trending warmer and drier beyond early next week, and important will be whether this pattern shift is sustained in Sunday night’s forecast. AgResource mentions that despite this week’s seemingly volatile…
Afternoon Weather Update
Central US Forecast Warmer, Drier Beginning Late Next Week: The EU, GFS and Canadian models end the week in mostly good agreement, and the outlook beyond the early part of next week is trending warmer and drier across the heart of the Central US. The near term forecast, however, has trended even wetter across the…
