AgResource Hog Comment and Analysis
Hog Futures Close Firm, Cash Index Lower: CME hog futures closed higher at the start of the week led by a rally in June. June futures expire at the end of the week but were well under the CME lean hog index at the open on Monday. The hog index started the week $2.03 lower…
AgResource Wheat Comment and Analysis
CBOT Wheat Ends Lower on Looming Harvest; Yield Stabilization in Europe: CBOT wheat futures fell slightly, with similar losses noted in Paris milling wheat. Markets have struggled to add premium as soil moisture has been stabilized in Western Europe and as harvest lies just ahead. It also remains that US cash prices are well above…
AgResource Corn Comment and Analysis
CBOT Corn Ends Firm; All Eyes on Midwest Weather Late June/Early July: CBOT corn futures began the week 2 cents higher. Another weekly boost in US ethanol production is anticipated and funds are paring back a near record short corn position. Such a large short position is rare ahead of the growing season and it…