AgResource Corn Comment and Analysis
Corn Soars on Soil Moisture Loss in Brazil; US Daily Ethanol Grind Slows on Rail Car Shortages: Spot CBOT corn soared to a decade high as concern over Brazilian safrinha yields rise. Cash ethanol production revenue is calculated above variable as Central US ethanol prices reach 5-month highs on spot rail car shortages. Additionally, Midwest…
AgResource Wheat Comment and Analysis
US Futures Rally on Drier Plains Forecast; Crop Rating Stays Historically Low: US futures ended sharply higher and the European market is expected to follow on Tuesday. Rainfall across the Southern and Central Plains has been diminished from 10-day forecast, and unfortunately areas most impacted by drought will see limited relief through the balance of…
AgResource Hog Comment and Analysis
Hogs Rally on Firming Cash Market//Poultry Shortage: Hog futures opened the week with strong gains ranging from $2.50 to $4.00 in summer hog contracts. June marked the strongest gain for the day while December finished just under $90. The CME cash hog index was up $.79 from last Thursday at $99.98 to start the week,…