AgResource Hog Comment and Analysis
Hogs Start the Week with Strong Gains: An early day break under $50 in August hog futures uncovered strong demand which carried the market higher into the close. August futures closed the chart gap left following the June inventory report and has now recovered all the report related losses. The CME hog index started the…
AgResource Wheat Comment and Analysis
Wheat Follows Corn Lower; US Market Sees Diminished Hedge Pressure: US wheat futures ended weaker with Sep CBOT pacing the decline. Ukrainian yields have improved but other wheat-specific news is lacking. However, Gulf basis levels have rallied substantially since early July and US wheat prices are above comparable EU and Black Sea origins. ARC cautions…
AgResource Corn Comment and Analysis
CBOT Corn Futures End Sharply Lower; US Temps Non-Threatening: Dec CBOT corn fell 9 cents as operational GFS/Canadian models reduced the odds that excessive heat returns to the primary Corn Belt during the balance of July. The CBOT’s focus quickly has returned to the lack of demand growth and coming export competition from South America…