Grain markets the first full week of January were highlighted by the first World Agricultural Supply and Demand Estimates (WASDE) report of the calendar year on Friday. The report was generally viewed as bearish, but soybeans were able to catch a bid and rally more than a dime thanks to a smaller American yield estimate…. Read More

Today marks the end of the 2017 calendar trading year. It’s also the end of the fourth quarter of the calendar and the month of December. If we’re looking back at where we started 2017, there isn’t much green on the board. More specifically, since the markets opened 2017 in January, despite the U.S. Dollar… Read More

This week, grain markets were dominated by thinner trading volumes — a bit ironic considering that Jolly St. Nick’s visit is just around the corner. While the volume was thin, the results of trading activity were mixed. Canola price gains were weighed down this week by a stronger Canadian Dollar, only gaining 0.2% while the… Read More

Grain markets this week headed mostly lower on some bigger production numbers. The big news in outside markets was that the U.S. Federal Reserve bumped their interest rate up by 25 basis points (or 0.25%). It’s expected that the Fed will raise rates again another three times in 2018. However, there are some who think… Read More

Grain markets trended higher to start the first full week of December before giving up some gains in the back half. On Tuesday, the StatsCan report was published, giving some bearish numbers, though the market was fairly relaxed about it. The market also seems fairly relaxed heading into the December World Agricultural Supply and Demands… Read More

Grain markets started the month of December in the green, supported by the turning of calendars and a lower U.S. dollar. The decline of the U.S. Greenback was mainly related to a heavy geopolitical risk news day that pressured equity markets. This news included a North Korean missile launch, a new tax bill in the… Read More

Grain markets this week were fairly muted due to a shortened trading week at the Chicago Board of Trade. While Americans were crushing turkey and NFL football, Chinese import data was published, showing that they bought over 480,000 tonnes of vegetable oils in October — that’s a 78% increase year-over-year. Palm oil prices popped as… Read More

Grain markets ended Friday in the green. However, for the week, prices were mostly in the red as some benign weather kept the bears in charge. Most eyes are on South America but planting is back up to the normal average now. Corn ended practically where it started, dropping only 0.07%. Oats lost nearly 6%… Read More

On Thursday the United States Department of Agriculture (USDA) came out with their monthly world agricultural supply and demand estimates (WASDE). Usually, November is a bit of a sleeper month, but given the delayed corn harvest in the U.S., there were some ideas that the USDA might provide the market something in line with the… Read More

Grain prices were generally trending higher this week before seeing a sell-off on Friday to erase a fair amount of gains. Simply put, bears became more competitive than bulls. Wheat and corn prices seem eternally rangebound as in the past few weeks they haven’t moved more than a quarter. Corn and soybeans were virtually unchanged… Read More

Grain markets had a mostly down week as a stronger U.S. dollar (up 1.2% for the week) weighed on futures markets. However, with the Canadian dollar dropping 1.45% to below 78 cents USD, this meant cash grain prices in Canada improved a bit, especially in canola, flax, and wheat. While canola futures prices on the… Read More

Grain markets this week generally trended lower as rains in the Southern Hemisphere and harvest progress in North America hung over prices. Bulls continue to take a bat at headlines but rallies continue to face resistance from the size of global grain supplies. Oats and canola were the only winners for the week, with the… Read More

Usually Friday the 13th is an unlucky day. For grain prices though, Friday, October the 13th was a good omen. On Friday alone, Chicago soft red winter wheat gained 2.15%, oats gained 1.9%, and corn was up 1.05%. Oats was the big winner of the week, though, up 6.25%. This was followed by soybeans which… Read More

Grain markets this week traded sideways again, with weather and some decent trade data outweighing harvest pressures. Corn prices lost 1.55% since last Friday whereas soybeans gained 0.5%. Winter wheat markets were lower as Chicago soft red winter wheat lost 1.05% and Kansas City hard red winter wheat lost 1.3%. The Canadian Dollar lost 0.5%… Read More

This week’s grain markets were largely influenced by that was happening in currency markets and government reports. The Canadian Dollar lost about 1.1% this week but has basically ended where it began September, up just 0.15%. On Wednesday, the Loonie saw it’s largest single day loss in eight months after the Bank of Canada’s governor… Read More

 

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