Hogs Reach New Contract Highs: A sharply lower start to the morning uncovered strong demand that lifted hog futures to contract highs on Tuesday. The lower start was knee jerk response to the cybersecurity attack on JBS global computer systems, but the CME hog trade was quick to overlook the issue. CME cash indexes were…
Sharply higher are CBT futures at midday with Minneapolis spring wheat futures testing their prior highs while corn, soybeans and soyoil surge and follow. It is difficult to find a commodity market that is not higher today with “risk on” the feature on the 1st day of June (and summer). The CFTC report showed that…
Due to the Memorial Day holiday in the US on Monday, the next edition of the AgResource Weekly Newsletter will be published on Wednesday, June 2nd.
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