The June Hogs and Pigs report was neutral relative to trade estimates, and the lack of a surprise is not expected to produce much of a response in CME trade on Thursday. The report offered a neutral outlook nearby and a supportive outlook for late-year hog prices. The report showed the June 1 All Hogs…
The wheat market is in the process of forming its annual low as hedge pressure erodes and as importers begin to return to the world market. Like all years, a more bullish price trend develops beginning in late summer and just how much supply must be rationed will be determined by the pace of global…
The NASS June Grain Stocks/Final Acreage reports have historically been two of the most anticipated reports of the year – and certainly the most important for the quarter. At times the reports have produced rather significant price responses in both CBOT futures and US cash markets. Often, in tight old crop years, the stock data…
NASS has completed its survey of US hog producers and will release the June Hogs and Pigs report next week. The hog market has been in a liquidation phase since the 1st quarter of 2020. Following good margins over the previous 18 months, the last inventory report was expected to show the first signs that…
AgResource is in agreement with USDA in projecting final 2021/22 US wheat end stocks at 655 Mil Bu, vs. 805 Mil in 2020/21. There’s no doubt feed use will have been minimized in the Mar-May quarter. Using FGIS export data for the month of May as well as the relationship between Census/FGIS exports, final 21/22…
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