AgResource Weekly Newsletter, May 23
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AgResource Hog Comment and Analysis
Hogs Continue Lower While Cash Markets Strengthen: CME hog futures remained under pressure from fund selling on Tuesday. Summer hog contracts all tested $80, while December traded below $70. While CME futures were lower, the cash indexes continued to advance. The lean hog index gained $.44 to $79.57 and is projected $.52 higher for Wednesday…
AgResource Wheat Comment and Analysis
Wheat Ends Sharply Higher; Sizable Fund Short Collides with World Weather Concern: Wheat futures ended sharply higher in the US and Europe. Tuesday’s specific catalyst is difficult to finger, but weather in large parts of Russia remains threatening, net soil moisture loss will be ongoing in large parts of Canada, and a new threat is…
