AgResource Hog Comment and Analysis
Hog Futures Continue Lower on Rising Production Rates: CME hog futures marked a quiet, inside day of trade on Friday and closed lower. The CME hog index gained $.98 to $68.87 and ended the week at the highest level since last August. The index looks to be down $.17 on Monday on weaker negotiated and…
AgResource Wheat Comment and Analysis
CBOT Wheat Ends Slightly Lower; Critical Weather Ahead for Europe/Black Sea: US wheat futures ended mixed but little changed. Paris milling wheat ended €1.50-1.75/MT higher as weather premium continues to be added amid the return of lasting dryness to France, Germany, Poland and the UK. EU/Black Sea weather is now critical with yield loss or…
AgResource Corn Comment and Analysis
CBOT Corn Ends Firm on Ethanol Plant Re-Openings: CBOT corn futures ended steady to higher. Talk of select ethanol plantings resuming production in the next two weeks is noted. Cash production margins are at/above break-even across the far Eastern Corn Belt, and amid ongoing boost in weekly gasoline consumption, ethanol production on the margin will…