Soybeans. Who cares about anything else? The oilseed has taken the majority of the grains complex with it to heights that most analysts didn’t think were possible a few months ago. Sure, you lose a couple million tonnes in Argentina, but with bigger crops in Brazil and North America, and demand climbing a bit, there’s more… Read More

The grains complex pushed up to new highs this week due to two factors: money flow and South America. Here in North America, the percentage of fields planted is well ahead of its 5-year average. This week, soybeans came within a sliver of touching $11/bushel, wheat was pushed up due to quality concerns in the Southern Plains, while corn… Read More

Through the third week of May there has been much discussion around last week’s WASDE report from the USDA, as well as weather affecting planting. Oilseeds continued to make the most moves this week, as led by soymeal (up almost 9% for the week and now +46% since the start of 2016). Soybeans, while up 23% year-to-date,… Read More

The grains markets got a surprising World Agricultural Supply and Demands Estimate (WASDE) report on Tuesday, as the United States Department of Agriculture (USDA) raised demand for U.S. corn and soybeans, sending the markets skyward! Oilseeds got the best of the bullish rush, with soybeans going limit-up, followed closely by canola, which touched last summer’s highs at… Read More

Grain markets rode the roller coaster this week as a myriad of factors played into movements across the complex. Currencies, oil prices, weather forecasts, and money flow played a part in helping the market maintain or increase elevated levels. The oilseed market had a strong finish into the close of trading for the week, as oilseeds… Read More

Grains continued their push higher to end the month of April as a multitude of factors extended the fenceline for bulls to run along. Money flows into the commodity sector have been the biggest reason for the rally, as the commodity complex had its best one-month since 2010, beating all other asset classes (i.e. stocks,… Read More

Grains shot out of the cannon this week as heavy trading volumes propelled markets to new multi-month highs. Soybeans led the charge, thanks to concerns over the size of the Argentinian harvest. With soybean markets rallying well above the $10/bushel handle, profits were taken and the complex settled below the coveted double-digit level before weekend… Read More

Grains this week were mixed as the USDA’s April WASDE report was published, and seeding starting in multiple areas across North America. Favourable weather conditions on the north half of the equator are competing with less favourable conditions in South America, which is why corn and soybeans ended the week up over 4% each (it also helped… Read More

The grain market had its eyes on weather reports for the first full week of April while taking a second peek at the U.S.D.A.’s stocks and prospective planting numbers from last week. Profit-taking in palm oil markets in Malaysia has pressured soybeans a bit, while canola has maintained near-January levels as the Canadian Loonie has… Read More

The grain markets ended the month of March with fanfare on the backs of the U.S.D.A.’s March 31st stocks and acreage report and China switching up some policy. Beijing decided to scrap its minimum support prices for corn, pushing domestic corn prices immediately down to 5-year lows as the domestic price needs to gap down… Read More

Grains ended this week in the green, with soybeans leading the way at almost 1.5% higher for the week, and nearly 6% higher for the month of March. Canola is a close second, up over 1% for the week and over 5% so far in March. Wheat futures aren’t far behind, after seeing a slight push earlier in the… Read More

A lot of focus in the market last week was on the wheat market as warm weather from Kiev to Kansas is pushing fall-seeded crops out of dormancy much earlier than usual. After last week’s best weekly gain for wheat since October, investors’ focus will now turn to weather forecasts and the stocks and acreage… Read More

As we predicted in last week’s Friday column, grains started to pick up some steam in the second week of March, as the monthly WASDE report from the USDA was published. Global ending stocks were lowered a bit but the better catalyst for the move was the grains complex, which finally started to track oil’s move to the upside like… Read More

Grains started the month of March fairly hot, trying to rebound from its end of February, with more liquidity being added to the market and more bulls coming to the table on weather concerns. Nonetheless, given the size of the short position that managed money is holding on the futures board, there are some fundamentals… Read More

Grains continued to trade sideways to lower through the end of February as the data points that keep coming do not support a reversal of the bearish market fundamentals. The market is taking into account more crop conditions from Europe and South America, while adjusting for the new forecasts for U.S. grain supply, demand, and… Read More