AgResource Corn Comment and Analysis
CBOT Corn Futures Soar on Return of Midwest Rainfall; International Markets Follow: CBOT corn futures ended sharply higher as weather model guidance remains consistent in forecasting a steady flow of unwanted moisture across the Northern Plains and NW and E Midwest beginning May 20. Supply concern has been rejuvenated as the tolerance for US production…
AgResource Hog Comment and Analysis
Hogs Fall as Fund Liquidation Continues: CME hog futures marked another down day on Wednesday, with June and July both closing under their 200-day moving averages. The CME lean hog index was unchanged at $101.09 and estimated to increase $.17 on Thursday. Negotiated hog prices remain $6 over the average formula price, suggesting solid packer…
AgResource Wheat Comment and Analysis
World Wheat Markets Extend Rally; Contract Highs in Europe/Minneapolis: World wheat futures continue to add premium amid the return of importer demand and threatening weather in North American and Europe. ARC’s work strongly suggests that supply availability will untenably tight by late autumn, and much higher prices are needed to eliminate consumption outright. Additionally, markets…
