AgResource Hog Comment and Analysis
Hog Futures Close Mixed on Friday, Lower for the Week: CME hog futures closed mixed to the end the week. June hogs were just above unchanged and expired at $48.05 versus $79.65 a year ago. 3rd quarter futures were under pressure from cash index weakness, while the market continued to add premium to 2020 prices.…
AgResource Wheat Comment and Analysis
CBOT Wheat Ends Firm; Negative Seasonal Trend Buffered by Elevated Domestic Trend in Russia/Europe: CBOT wheat futures ended fractionally higher. Fresh input was lacking and global trade activity is subdued. Wheat yield is being determined across Europe and the Black Sea. Improved rainfall will be needed in Central Russia & Kazakhstan during July for trend…
AgResource Corn Comment and Analysis
CBOT Corn Ends Flat; Shift to Wetter Midwest Weather Probable in Late June: CBOT corn futures ended the day and week flat. Energy markets found support following Thursday’s break. But with an important and favorable change in the Central US weather pattern due in late June, hope for lasting rallies will be left to periodic…