AgResource Hog Comment and Analysis
** Hogs Fall on Fund Liquidation: Hog futures gapped lower at Monday’s open and were $3-4 lower at the close. April and May were each down the expanded $4.50 limit and expanded trading limits will continue Tuesday. CME Lean Hog Index started the week $.29 higher at $66.46; however, the weekend slaughter data indicates a…
AgResource Wheat Comment and Analysis
** CBOT Wheat Ends Firm on Strong World Cash Market: CBOT wheat futures ended steady to higher. It’s clear the world cash market is moving higher, with spot Russian fob this evening quoted at $225/MT, vs. $224/MT on Friday. There’s still no indication that world wheat trade flows will be disrupted by government intervention through…
AgResource Corn Comment and Analysis
** CBOT Corn Ends Weak; Dec-Feb Feed Use Critical on Tuesday: CBOT corn futures ended 4-5 cents lower with the market largely ignoring near-oversold chart patterns. Sliding US ethanol production/consumption is being hammered as crude oil sits at an 18-year low. Central US and Brazilian weather are largely favorable. It’s important that Dec-Feb feed/residual disappearance…
