AgResource Hog Comment and Analysis
Hog Futures Lower While Cash Index Soars: A lower start to the day had August hogs back under the 50-day moving average. The weak open triggered technical liquidation that kept the market under pressure into the end of day. The CME cash hog index continued in the other direction, jumping $1.85 to $53.56. The Prior…
AgResource Wheat Comment and Analysis
CBOT Wheat Ends Lower; New Bullish Spark Absent: Spring wheat contracts ended firm. Contracts in Chicago and KC ended 3-6 cents lower. EU milling wheat futures ended unchanged. The global cash market remains elevated relative to last year on tight EU supplies, but with new crop demand lackluster there just has not been a reason…
AgResource Corn Comment and Analysis
CBOT Corn Ends Flat; Rising Yield Potential Dominates Price Action: CBOT corn futures ended near unchanged despite a massive 76 Mil Bu– the largest single-day sale on record – sale to China. Chinese demand has exceeded expectations. Yet, the spot market is testing contract lows scored in late June, which is telling of the huge…