A pivotal November ahead — this week in the grain markets

by

Opinion

Grain markets entered November on a mixed-week of performance, but most grain prices did find some positive gains for the month of October. Canola and hard red spring wheat were the only futures markets who didn’t find positive gains in October, suggesting that the price run-up at the end of September might’ve priced in anticipated harvest delays. While quite a lot of the U.S. corn and soybean crop remains unharvested, Western Canadian farmers are nearing the finish line. Conversely, ongoing rains in Eastern Canada have create a stop-and-go pace for farmers, similar to what many farmers in the Prairies have…

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