AgResource Hog Comment and Analysis
Hog Futures Trade Weaker on Sliding Cutout Values: CME hog futures fell more than $1 on Tuesday. The cash index continues to weaken, and funds are losing interest in the hog market amid ample on-farm supplies. The CME hog index was down $1.10 at $67.60. The Prior Day Slaughter report indicates a $.56 decline for…
AgResource Wheat Comment and Analysis
US Wheat Futures End Mixed; No Sign of Needed Precip for Europe: KC futures fell to new seasonal lows while CBOT futures ended firm. The EU and GFS models maintain rain chances across SE Russia on the weekend. But the whole of Western Europe will stay arid into the opening days of June. Lacking import…
AgResource Corn Comment and Analysis
CBOT Corn Ends Firm; Weekly Ethanol, Gasoline Data Awaited: CBOT corn futures ended slightly higher, but end user/speculative buying has been limited despite July trading through its 20-day moving average this week. Improvement in weekly energy demand will be ongoing through early summer, but favorable global weather patterns have capped rally efforts. Key areas of…