Who wants to call the top? — This week in the grain markets

by

Opinion

Grain markets continued their march higher again this past week, as weather concerns, strong demand, and speculative buying continue to support the bulls. Wheat prices have been on a tear, with Chicago SRW values continuing to sit at 6-year highs on La Nina concerns. Meanwhile continued healthy Chinese demand for American corn and soybeans supported their own multi-year highs. Canola tagged right along, with support from palm and soy oil, as the November and January contracts hit levels not seen since the planting campaign of 2013! Speaking of planting though, it’s worth noting that new crop 2021 canola, corn, and…

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