AgResource Hog Comment and Analysis
Hog Futures Mark Expanded Limit Losses: CME hog futures fell to the expanded $4.50 limit decline on Thursday. A top in the cash pork market along with massive fund liquidation across commodity markets pulled hog futures lower. The CME cash indexes were both lower on Thursday. The lean hog index was down $.08 at $122.60…
AgResource Wheat Comment and Analysis
Wheat Plagued by Commodity Sell-Off; Excessive Heat Impacts Russia; Importers Remain Active in Seeking Coverage: US wheat futures ended 10-25 cents lower, led by KC futures. Heat/dryness across the Plains will accelerate the HRW harvest into late month, while the gathering of SRW will be halted by active precip across the Delta and S Midwest.…
AgResource Soybean Comment and Analysis
Soybeans Collapse on Massive Fund Selling: Soybean futures collapsed on massive fund selling at midweek. Soyoil again led the decline and fell to limit losses, which pulled July soybeans to a record large $1.1875 daily loss. Note that under recent CME changes, the daily trading limit for soybeans is $1.50, with an expanded limit of…