AgResource Wheat Comment and Analysis
Wheat Rallies for Third Day on Short Covering; May Black Sea Forecast Needs Close Watching: Wheat markets ended higher with US and forward contracts in Paris scoring fresh seasonal highs. Dryness in the Plains, E Ukraine and S Russia remains the catalyst, but a more two-sided market is forecast through the balance of April as…
AgResource Hog Comment and Analysis
CME Hog Futures Turn Lower in Quiet Trade: Tuesday’s sharp drop in the cutout value had hog futures lower at midweek. However, nearby May absorbed the brunt of Wednesday’s selling in quiet trade, and the rest of the market was slightly below unchanged for the day. The CME cash hog index gained $.14 to $91.45,…
AgResource Corn Comment and Analysis
Corn Rally Pauses at late March High; Ethanol Production Seasonally Retreats: CBOT corn futures corrected as the market moved towards another level of chart resistance and as the ethanol market loses some of its shine in the short term. US ethanol production in the week ending April 19th totaled 280 Mil Gal, down 1% from…