AgResource Wheat Comment and Analysis
World Wheat Futures Soar on Threat to Aussie Quality; US Crop Rating Erodes: Wheat futures ended sharply higher on Monday, with US, EU, and Black Sea futures up 12-30 cents. Recent price action shows just how sensitive the world marketplace has become to additional supply dislocation or quality loss. Quality downgrades will be unavoidable this…
AgResource Hog Comment and Analysis
Hogs Close Higher to Start the Week: An early morning break at the CME uncovered demand that carried hog futures higher into the close on Monday. December hogs gained nearly $1, while June hogs rose to a new contract high. The CME lean hog index was $1.80 lower to start the week at $73.46. The…
AgResource Corn Comment and Analysis
Corn Follows Wheat Higher; Rally Capped by Rising Ukrainian Corn Production: CBT corn futures ended 5-7 cents higher as the spec community enters new long positions in ag markets spanning the globe. Monday’s recovery in crude is noteworthy and ARC notes that March corn at $5.84 still holds sizable value as an energy source. Whether…