AgResource Hog Comment and Analysis
Hog and Pork Futures End Sharply Mixed: CME hog and pork markets were mixed at midweek. July hogs corrected Tuesday’s strong gains and closed $1 lower, and the rest of the market was steady to slightly lower. The CME cash index were both higher. The hog index gained $.39 to $112.20, and the pork cutout…
AgResource Wheat Comment and Analysis
World Wheat Markets End Mixed; Black Sea Weather Critical in June: Global wheat markets ended mixed, with US futures down slightly while EU markets firmed as export demand is being found there. There’s just no fundamental reason for the European cash market to break amid its discount to Russian (and US) origin. Rallies will struggle…
AgResource Corn Comment and Analysis
Corn Scores Intermediate Bottom: Ethanol Returns as Demand Driver: CBT corn futures ended 5-6 cents higher – 21-22 cents off session lows – as seasonal bottom was scored in early trading. Panic selling has ended, regional weather issues will gather more attention in June, and it remains that demand is being built rapidly at current…