AgResource LATAM, Aug 11
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AgResource US Weather Pattern Discussion
First Half of August Near Identical to Last Year; Rain Not Expected Until August 19: The Central US forecast into late August is viewed as mixed. The models maintain better rain chances across the N Plains & Upper Midwest beyond August 20, but details of the extended range forecast will be murky until the path…
AgResource Global Wheat Market Analysis
World Wheat Cash Market Surges; EU Origin World’s Cheapest: World fob wheat offers have rallied abruptly as the market realizes Russia’s crop will be down 10 million tons from initial expectations at 75 million. The quantity of EU wheat supply will be up 15 million on last year, but quality is a growing concern in…
AgResource Corn Comment and Analysis
CBT Corn Recovers Ahead of WASDE; Crop Stress Mounts in Plains: CBT corn futures ended $.05-.06 higher in decent volume. A modest trimming of yield is anticipated Thursday, with the trade’s average guess on yield centered at 177 BPA, vs. USDA’s current 179.5. There are hints of better rain chances across the Northern Plains beginning…
AgResource Hog Comment and Analysis
Hog Futures End Mixed On 4th Quarter Strength: October hogs rallied nearly $2 on short covering from oversold conditions and the wide discount to the cash index. December hogs followed, but the rest of the market was generally softer. The cash index slipped $.44 lower to $110.77, and the calculation for Thursday is another $.32…
