On Wednesday, September 12th the USDA came out with one of the most bearish World Agricultural Supply and Demand Estimates (WASDE) reports in recent memory, destroying any pre-report expectations — especially for corn and soybeans. Going into the September WASDE report, the market was already quite bearish on soybeans, expecting to see 2018/19 ending stocks in… Read More

Grain markets crossed the mid-point of August on the good news that the United States government has set meetings with China to discuss concessions and ways to mitigate the ongoing trade problems that have hammered grain prices. We have to be rational with our expectations, but there is some optimism that geopolitical banter will be for the better…. Read More

Grain prices this week had a positive week for the first time in nearly 2 months. Almost feels like Christmas! Usually weather premiums are added to the market in late May through to June. However, this year, that seasonal pattern was idled thanks to an excellent start to the 2018 growing season in North America… Read More

Grain markets lost a fair amount in the second week of July and heightened geopolitical risk (read: trade war) and some decent-looking crops have negatively impacted grain prices. The latter factor was surmised by this week’s July 2018 WASDE report, which provided a reset of the goalposts when it comes to global agricultural supplies and… Read More

Grain markets had a very rough week heading into the middle of June, surrounded by trade uncertainty and positive crop conditions. In fact, forget about crop conditions. Or rainfall. Or heat units. Whether or not the borders are open for business has become the only fundamental factor that really seems to matter to the direction… Read More

Except for wheat, grain markets this week trended mostly lower. The oilseed complex saw a significant sell-off as the start to the U.S. growing season has been good. Further, there haven’t been any noticeable discussion between the U.S. and China regarding trade. The market is interpreting this as bearish for soybeans. Next week Tuesday, June… Read More