AgResource Weekly Newsletter, Aug 11
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
Hogs Correct Early Week Gains on Profit Taking: Following a $6 rally from last week’s lows, CME hog future relaxed and closed lower on Tuesday. The latest estimates for hog producer return’s from IA State University not surprisingly showed red ink across the industry. Farrow-to-finish returns showed a $21.55/head loss for July, up slightly from…
US Wheat Futures End Firm; Black Sea Cash Market Lower in Search of Demand: US and European wheat futures stabilized following the lashing that’s occurred over the last 30 days. However, limited bullish input is available. It’s important use recoveries to catch up on hedges. Seasonal trends remain negative and the Russian cash market continues…
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