AgResource Hog Comment and Analysis
Hogs Trade Firm Ahead of Inventory Data: CME hog futures were higher on short covering ahead of the June USDA Hog report. Contract lows in July and August held and July was close to $1 higher at the end of the day. The CME hog index was down $.07 at $45.10 and the Prior Day…
AgResource Wheat Comment and Analysis
US Wheat Futures End Steady To Weaker; Winter Wheat Contracts Attempting to Forge Bottom: CBOT wheat ended firm, while futures in KC and Minneapolis ended slightly weaker. Winter wheat futures are in the process of forming seasonal lows, while spring wheat premiums are likely to erode amid coming boosts to soil moisture across the Northern…
AgResource Corn Comment and Analysis
Dec CBOT Falls to Contract Low on Weather/Weak Export Demand: CBOT corn futures ended sharply lower on a flood of bearish input. Operational models maintain a pattern of soaking rainfall across the Northern Plains and Midwest into early next week. Spot ethanol futures fell a quick $.12/gal and there remains broad concern over summer travel…