AgResource Hog Comment and Analysis
** Hog Futures Follow Other Commodities Lower: April hog futures opened with limit losses on Monday. Short covering supported a brief rally back to unchanged, but the market was back near limit losses at the close. The CME Lean Hog Index gained $.19 to $56.98, and the weekend slaughter data indicates another $.12 higher for…
AgResource Wheat Comment and Analysis
** US Wheat Futures End Mixed; World Market Falls Sharply: CBOT wheat ended firm amid talk of Chinese interest in US origin hi-pro spring wheat. Active rains will persist across the OH Valley into late month, and a much drier pattern will be needed in April. However, other world wheat markets ended sharply lower amid…
AgResource Corn Comment and Analysis
CBOT Corn Finds New Contract Lows as Energy Markets Plunge: It was another risk-off Monday as global equity markets began the week sharply lower and as containment of COVID-19 remains uncertain. Spot WTI crude fell $10/barrel – the biggest single-day loss since the Gulf War. The plunge in energy markets is having the most direct…