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Quotes and Weather

Depressed hog futuers defied Thursday's bearish ag market tone

Corn futures turned lower Thursday. After exhibiting considerable strength over the past week, corn futures declined today. That may have reflected long liquidation before the weekend and next Tuesday’s big USDA reports, but traders may also have been reacting to recent equity market losses, as well as the morning rebound by the U.S. dollar. The latest stock market bounce seemed to have little effect. May corn futures ended Thursday having sagged 3.75 cents to $3.9125/bushel, while December dipped 3.25 to $4.1475.


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