AgResource Weekly Newsletter, Jul 14
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
Hogs Futures Give Back Gains; Cash Index Firms: Hog futures closed sharply lower Tuesday. August gave back most of Monday’s gains, while July hogs were slightly higher ahead of Wednesday’s expiration. The CME hog index gained $.29 to $45.62. Based on Monday’s slaughter data, AgResource estimates an index gain of $.43 for Wednesday. This puts…
US Wheat Futures End Mixed; US Supply Overpriced but Downside in World Market Limited: CBOT wheat futures ended slightly higher. KC contracts fell 6 cents. ARC detailed that Russian cash prices have scored their seasonal lows in early July. Seasonally, Russia’s fob market begins a months-long recovery in August. The extent of this year’s recovery…
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