AgResource Hog Comment and Analysis
** Hog Futures Slip Lower on Limited News: CME hog futures continued to consolidate recent losses and were mostly lower on Wednesday. The exception was February, which was firm ahead of next week’s expiration. The CME Lean Hog Index was down $.31 at $61.10, and Tuesday’s slaughter data indicates $.13 lower for Thursday. The last…
AgResource Wheat Comment and Analysis
** CBOT Wheat Follows EU Higher; Russian Wheat Looking for Demand: US wheat futures ended modestly higher but world prices are beginning to diverge. Matif futures in Paris ended $.10/Bu higher as strong EU export demand is ongoing. Cash prices in Europe are firm. However, spot Russian fob offers have fallen to $224/MT, vs. $226…
AgResource Corn Comment and Analysis
** CBOT Corn Lacks Direction; Oversupply to Weigh on Rallies: CBOT corn futures ended slightly weaker despite bullish ethanol data. Neither the bulls nor bears will find much leverage in the next 30 days amid competing input. Old crop Brazilian corn stocks are exhausted. Chinese demand for US corn lingers in the background. Argentine yield…