AgResource Hog Comment and Analysis
** Hog Futures Surge on Rising Cutout Value: CME hog futures rallied to strong gains on Monday, led by the nearby May. May hogs closed $4.85 higher, while gains in the rest of the market were limited $1-3. The CME lean hog index rose $2.56 to $57.27, and the weekend slaughter data indicates a $2.52…
AgResource Wheat Comment and Analysis
** CBOT Wheat Ends Firm; Crop Rating Improves: US wheat and world wheat futures ended steady. Spot EU/Black Sea cash prices remain firm as Russia’s interior wheat & flour prices remain perched at all-time highs. New crop wheat is steeply discounted to spot, but quotes for Jul-Aug in Europe and the Black Sea are unchanged…
AgResource Corn Comment and Analysis
CBOT Corn Struggles Despite Recovery in Energy Markets; Planting Pace Exceeds Expectations: CBOT corn futures ended slightly weaker. Fresh input remains bearish. Concern over growing US-Chinese tensions is adding to uncertainty over China’s execution of its Phase One buying commitments. Natural gas prices are expected to rise over time as US fracking is curtailed –…