AgResource Hog Comment and Analysis
** Hog Futures Rally On Continued Pork Market Strength: Hog futures marked another day of strong gains on Thursday. April closed up the $3 limit while the rest of the hog market realized gains of $1.30-$2+. The limit close in April puts the daily trading limit back to $4.50 for Friday. The CME Lean Hog…
AgResource Wheat Comment and Analysis
** US Wheat Futures Surge; World Cash Market Rallies Modestly: US wheat futures soared to gains of 11-27 cents. This reflects the market’s first meaningful bounce from oversold conditions but also immediately puts US Gulf wheat in a rather non-competitive position for spot and new crop delivery. The US wheat market is adding premium based…
AgResource Corn Comment and Analysis
** CBOT Corn Recover on Strength in Wheat, Probable Chinese Demand: CBOT corn futures ended higher on fund short covering amid strong rumors of Chinese demand. Lingering in the background is ongoing excessive Central US precip. This will gather more trade attention should it persist into the middle of April and as the EU &…