AgResource Hog Comment and Analysis
Hog Futures Close Higher at Midweek: CME hog futures were mostly higher at the end of trading on Wednesday. August hogs gained more than $1 as the cash index continues to firm and the rest of the market was mostly higher for the day. The CME’s hog index gained $.74 to $48.64. The Prior Day…
AgResource Wheat Comment and Analysis
CBOT Wheat Follows World Market Higher; US Basis Levels Weak: US wheat futures ended firm as markets in Europe/Black Sea were steady/firm on Wednesday. Black Sea yields have been rising slowly, the trend in Russian yield reports over the next 21 days is critical. US futures will follow the Black Sea/EU cash market on rallies,…
AgResource Corn Comment and Analysis
CBOT Corn Bounces on Modest Short Covering; Ethanol Data Leans Bearish: CBOT corn futures ended slightly higher with funds buying an estimated 5,000 futures. This follows selling of 30,000 contracts of weekly sales through -Tuesday. Fresh input remains bearish. Central US weather threats are lacking amd domestic consumption growth is in jeopardy. US ethanol production…