AgResource Hog Comment and Analysis
Hog Futures Close Firm; Cash Index Remains Weak: CME hog futures closed lightly mixed, but little changed on Thursday. Contract lows marked on Wednesday held, but the bulls are fighting an uphill battle against weaker cash trends and a Hogs & Pigs report due a week from today. The CME cash hog index was down…
AgResource Wheat Comment and Analysis
CBOT Wheat Probes for a Seasonal Bottom: US winter wheat contracts continue to move lower ahead of the peak harvest while spring wheat futures stay firm. There are rumors of Chinese interest in US high protein wheat and confirmation of demand will be watched for in the days ahead. Otherwise, Northern Hemisphere cash prices ended…
AgResource Corn Comment and Analysis
CBOT Corn Lacks Direction; Massive Fund Short Battles Favorable US Weather: Corn futures ended near unchanged for a 6th consecutive session. In the last two weeks, spot corn has traded in a range of just 11 cents. ARC sees no reason why this narrow range will change prior to NASS’s Stocks/Seeding report and until weather…