AgResource Weekly Newsletter, Jul 19
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Brazilian Corn Finds Support Amid Record Export Demand: Sep corn in Brazil on Tuesday settled at $6.75/Bu, and the roll from July to Sep to the US/South America has allowed Brazil’s premium to Chicago to widen to a sizable $.80/Bu. Brazilian fob corn is still offered below US origin into Asia, but notice that corn…
Hogs Finish Mixed on Nearby Strength: CME hog futures closed mixed on Tuesday. August hogs led the advance amid continued strength in the cash index and the future’s discount. August hogs closed at $112.825 while the cash index gained $.74 to $114.89. The slaughter report indicates another $1.02 higher for Wednesday. The pork cutout index…
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