AgResource Weekly Newsletter, Aug 2
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Corn Ends Weak On Pelosi Visit to Taiwan amid the fear of China’s Retaliation: CBOT corn futures ended sharply lower amid late-session selling. The EU model remains less threatening than its GFS/Canadian counterparts. The GFS maintains complete dryness and above normal temps across the W Midwest into August 12. It’s difficult to prove which model…
Hogs Finish Lightly Mixed in Quiet Trade: Hog futures closed lightly mixed by little changed for the day on nearby weakness. The CME lean hog index gained $.45 on Tuesday to $121.87, but the slaughter report indicates a $.30 decline for Wednesday. This breaks a nearly month-long winning streak. The pork cutout index was down…
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