AgResource Hog Comment and Analysis
** Hog Futures Closed Mixed on Friday, Higher for the Week: April hog futures extended weekly gains on Friday, while other contracts were lower on profit-taking ahead of the weekend. The lean hog index gained $.75 on Friday to $61.33 and the Prior Day Slaughter report indicates another $.86 higher for Monday. The number of…
AgResource Wheat Comment and Analysis
** World Wheat Market Recovers; US Market Losing Export Demand: US wheat futures ended 2-6 cents higher. Spot Matif wheat in Paris rallied €2.50/MT and has erased nearly the entirety of its coronavirus-based decline. Much of the strength in Europe in recent days has been a function of a collapse in the euro, but the…
AgResource Corn Comment and Analysis
** CBOT Corn Struggles to Rally on Ethanol Woes Tied to Sliding Crude Oil: CBOT corn ended weaker despite ongoing strength in wheat and confirmation of Chinese demand worth 756,000 MTs for old crop delivery. The Chinese buying was rumored starting Thursday and a classic sell the fact pattern emerged. ARC doubts that additional meaningful…