U.S. Week 2-4 Outlook: 4-Corners Drought Area Becomes an August Hot Air Mass Source Region.
A hot air mass source region emerges over 4-Corners for August.
A hot air mass source region emerges over 4-Corners for August.
Hogs Extend August Gains on Technical Buying: CME hog futures were higher at Monday’s open and extended gains into late in the day. Oct & Dec hogs pushed through their 100-day moving average for the first time since January. The CME cash index started the week down $.34 at $52.44. The Fri/Sat slaughter data indicates…
World Wheat Markets Maintain Decline; Competition for World Market Share Rising: US wheat futures ended slightly weaker with spot milling wheat in Paris finding new 7-week lows with few bids apparent in the Black Sea cash trade. Very quickly the exporter balance sheet has normalized. Russian fob is quoted at $204/MT basis spot. Spot fob…
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