AgResource Hog Comment and Analysis
** Hogs Rally to Limit Gains on China Optimism: CME hog futures rallied to strong gains on Thursday amid rumors that China will soon begin buying more US pork. May hogs rallied the $3.75 trading limit with June stopping just short of the limit. Other 2019 contracts gained $2-3.00. The cash index gained $.59 to…
AgResource Wheat Comment and Analysis
** Wheat Ends Mixed; EU Weather Forecast Improving: US futures ended mixed. Spot CBOT/KC are struggling at their respective 20-day moving averages, while the European weather forecast is improving. With new crop Gulf HRW offered some $.80/Bu over comparable German/Russian origins, an old crop demand spark is not anticipated. Rallies will be a function of…
AgResource Corn Comment and Analysis
** CBOT Corn Firms on Statement of Chinese Interest; US Weekly Export Sales Unimpressive: CBOT corn ended slightly higher as newswires report that China is aiming to boost reserve stocks of corn, cotton and soybeans. US corn remains competitive with S American origin into June, and so all eyes will be on potential sales to…