AgResource Hog Comment and Analysis
** Hogs Finish Higher on Friday, But Near Session Low: CME hog futures rallied sharply from the open on short covering and then gave back much of those gains through the rest of the day. The CME lean hog index was down $.81 at $45.72. Weekly US red meat production fell sharply for the 3rd…
AgResource Wheat Comment and Analysis
** CBOT Wheat Ends Firm as EU Futures Test Winter High: US wheat futures bounced on Friday, but ended the week sharply lower. EU futures are perched at the late January high amid this week’s sale of French wheat to Egypt. The wheat outlook next week hinges upon rain across the parched areas of Russia.…
AgResource Corn Comment and Analysis
** Funds Cover Shorts on Hope of Economic Improvement: Fundamentals Bearish: CBOT corn futures ended firm amid pre-weekend short covering. Preliminary plans of a US economic re-opening are being put together, though ARC mentions that any re-opening in May/June will be highly sensitive to public health data. Otherwise, corn fundamentals remain bearish as US temps…