AgResource Wheat Comment and Analysis
Wheat Futures Fall on Ukrainian Export Optimism, Strong Dollar into US Central Bank Rate Hike: US wheat futures traded in a range of 36-37 cents as initial buying faded amid continued hope that Ukraine would begin loading new vessels in the weeks ahead. Spring wheat contracts paced the decline as this week’s tour of the…
AgResource Hog Comment and Analysis
CME Hog Rally Resumes on Strong Cash Markets: CME hog futures closed higher at midweek as the cash index advanced to new highs. August moved to test last week’s highs but were still almost $1 under the cash index. The lean hog index was $.35 higher at $119.48, and we estimate a $.25 gain for…
AgResource Corn Comment and Analysis
CBOT Corn Ends Firm; US Gasoline Use Rebounds; Spot Brazilian Futures Testing $7.00/Bu: Corn futures ended firm amid mostly positive input. The US Federal Reserve’s Bank rate hike of .75 basis points was expected, but the market’s focal point now shifts to US and world corn fundamentals. The latest run of the EU model keeps…