AgResource Hog Comment and Analysis
Hog Rally Resumes on Technical Buying: CME hog futures came to life on Tuesday, with April gaining $1.20 in front of Thursday’s expiration and closed steady with the cash index, while summer prices advanced from $3.25-3.45. The CME cash hog index was down $.43 to $99.63 and below $100 for the first time in a…
AgResource Wheat Comment and Analysis
World Wheat Markets Extend Rally; No Sign of Rain for US Plains: World wheat futures sharply higher as the EU market begins to digest the potential for massive export demand in summer and fall and the US market adds needed weather premium. Egypt’s GASC is now allowing Black Sea origin to be accepted in its…
AgResource Corn Comment and Analysis
Corn Ends Firm on E15 News/Worrisome Midwest Weather: CBOT corn futures found fresh contract highs following Biden’s approval of summer E15 sales, rising feed wheat/barley markets and as producers in the Northern and Eastern Midwest become concerned about ongoing cold/wet weather. US weather is not yet impacting yield potential, but concern over pattern stagnation stays…