AgResource Hog Comment and Analysis
Hogs Extend Weekly Gains on Firming Cash Index: CME hog futures marked solid gains on continued strength in cash index. August hogs closed above the 50-day moving average for the first time since January, which pulled the rest of the hog market higher. The CME hog index rose $.78 to $49.42 and is estimated another…
AgResource Wheat Comment and Analysis
US Wheat Futures End Lower; European Cash Price Rise on Currency: CBOT wheat futures ended weaker despite confirmation of China securing two cargoes of US SRW wheat. Like corn, weekly sales data in recent weeks has been supported by China’s buying spree in early/mid-July. US wheat export commitments to other destinations are down 7% from…
AgResource Corn Comment and Analysis
CBOT Corn Ends Firm; Export Demand Growth Limited to China: CBOT corn futures ended slightly higher in slightly higher in weak volume. Weekly US corn export sales of old and new crop combined were 100 Mil Bu. Such a lofty total was largely expected, with China accounting for 77 Mil of the total. Total new…