AgResource Hog Comment and Analysis
** Hog Futures Start The Week Mixed: CME hog futures started the week mixed, with cash weakness weighing on nearby futures, while the market rolled premiums forward into summer contracts. The CME Lean Hog Index started the week $.87 lower at $59.57 while the weekend slaughter data indicates another $1.12 lower for Tuesday. Last week’s…
AgResource Wheat Comment and Analysis
** CBOT Wheat Follows Corn Lower; Russian Interior Values in Correction: CBOT wheat futures shrugged off additional strength in Europe’s market and ended 5-6 cents lower. Europe continues to dominate world trade amid competitive prices, but export demand elsewhere is seasonally slowing. Note that major importers have now extended coverage well into spring. Harvests will…
AgResource Corn Comment and Analysis
** CBOT Ends Weak on Brazilian Weather Forecast/USDA WASDE Fear: CBOT corn futures ended lower on Monday. The Brazilian forecast over the weekend trended drier for N Brazil – which combines for 55% of safrinha corn production. As such, modest weather premium was extracted as Brazilian seeding accelerates during the 2nd half of February. The…