AgResource Weekly Newsletter, Jul 7
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
Hogs Close Lower on Limited News, Cash Index Firms: CME hog futures gapped sharply lower and spent the rest of the day regaining ground. At the close, August was still down $.40 but well over the early morning low. The CME cash hog index gained $.64 to $45.66 and is projected $.23 higher for Wednesday.…
CBOT Wheat Rallies Slightly; World Cash Market Firms: US wheat futures ended slightly higher again. Milling wheat futures in Paris scored a 4-week high. Russian crop estimates are now centered at 76-78 MMTs vs. 78-80 a week ago. Russian will have a sizable exportable surplus, but downside risk in Black Sea fob offers is becoming…
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