Rough Waters — A Choppy Ride for the End-of-Crop-Year Grain Markets



Grain trade this week was quite choppy as the usual suspects of weather, currency swings, and #harvest15 firing up being exacerbated by the closing of the month of July (meaning funds and other speculators may have looked to clean up their books a bit). Monday might’ve been the worst as front-month contracts for soybeans and canola dropped 3.1% and 3.6% respectively, putting beans back under $10/bu and canola back under $500/MT on the Winnipeg ICE board. Corn also dropped almost five per cent – or the most since September 2013 – as funds across all boards were in the selling…

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