AgResource Weekly Newsletter, Apr 16: Analysis of Global Corn Trade Through Early Spring
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Hog Futures Close Firm, Cash Continues to Climb: CME hog futures marked modest gains on Tuesday but were well off session highs at the close. June hogs had support on Monday against $101 but found resistance on Tuesday above $104. The cash hog index continued higher on Tuesday and gained $.17 to $90.73. AgResource estimates…
Wheat Market Does Little; Russian Dryness Extended into April 30th: World wheat market ended mixed on Tuesday. Egypt secured two cargoes of Ukrainian wheat for May delivery at an average fob price of $6.01/Bu. However, GASC was offered nearly 1 MMTs of Black Sea and European origin wheat. There’s no shortage of EU/Black Sea supplies…
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