Market Commentary on Wheat Corn and Pork in New York
May 2 reports from New York describe bullish wheat amid strong receipts and shifting grain and provisions markets. July wheat opened at 98, moved to 96 then 95, with intraday volatility. corn rose, pork futures firm, hogs weaker. Trading showed active speculative interest and solid delivery expectations, aided by Detroit and Duluth shipments and California crop concerns.
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