AgResource Hog Comment and Analysis
** Hog Futures Surge on Sharply Higher Cash: Hog futures opened sharply higher on Monday and were the $3 upper trading limit at the close. The lean hog index started the week $.85 higher at $62.18, while the Prior Day Slaughter report indicates a $.99 gain for Tuesday. The volume of negotiated slaughter has been…
AgResource Wheat Comment and Analysis
** US Wheat Soars Again on Nearby Food Demand: US wheat futures ended sharply higher as bread consumption/grocery store traffic are one of the few things benefiting from widespread social distancing. There were also unfounded rumors that the Russian government would move to intervene in the pace of its wheat exports. Russia will act to…
AgResource Corn Comment and Analysis
** CBOT Corn Ends Firm; Weak Ethanol Landscape Weighs on Basis: CBOT corn futures ended firm on the heels of soaring wheat, soy and cattle markets. The performance of CBOT in recent days has been weak – but logical. RBOB gasoline futures fell $.46/Gal. Ethanol found new all-time lows but maintains a steep premium to…