AgResource Hog Comment and Analysis
** Hog Futures Advance On Fund Buying: CME hog futures were higher Tuesday as the market tries to confirm a seasonal low. Funds are bullish hogs and added more premium into deferred futures. Jun-Dec contracts were all more than $1 higher with August marking the best gain for the day. The CME Lean Hog Index…
AgResource Wheat Comment and Analysis
** Wheat Follows Corn Higher; Rally Struggles on Weak Global Cash Market: CBOT wheat futures settled 3-4 cents higher. Strength in corn and rumors surrounding Chinese purchase of US corn was cited. Yet, Black Sea cash prices continue to drift lower. Russian fob offers are at levels comparable to $4.40-4.50 basis May KC. Weather will…
AgResource Corn Comment and Analysis
** CBOT Extends Recovery on Rumored Chinese Interest: CBOT corn futures rallied 4-7 cents. Few if any deliveries against expiring March are expected. China has begun accepting applications for import tariff waivers. Rumors abound that China has shown interest for US corn, but no actual sales or even calls to major exporters can be confirmed.…