AgResource Hog Comment and Analysis
Hogs Trade Firm Ahead of August Expiration: Technical buying and strength in the cash hog index had hog futures higher on Thursday. August hogs gained $.80 to close at $53.70 and were on par with the cash index, while December gained $.95. The CME cash hog index gained $.03 to $53.82 but is estimated $.35…
AgResource Wheat Comment and Analysis
CBOT Wheat Follows Corn Higher; Black Sea Cash Values Decline: CBOT wheat futures ended slightly higher on the heels of a surging corn market. Other news is lacking and it’s clear the Russian cash market is looking for demand as its production increases. The Aussie weather forecast remains favorable with additional precip due in New…
AgResource Corn Comment and Analysis
CBOT Corn Rallies Sharply Following FSA Acreages: CBOT futures rallied 11 cents following seemingly bullish FSA acreage and as crop damage in IA continues to be assessed. ARC detailed in this evening’s report how caution is warranted in adjusting final corn acreage below NASS’s current 92 Mil acre forecast. The dominant theme remains oversupply without…