Grain markets continued their unusual upward trend to start the month of September as, despite some weather concerns and harvest progressing, the bulls are holding fast for the complex. Futures markets continue to be buoyed by some strong new crop export sales and said supply concerns, all of which helped soybean prices climb to new… Read More
Author: Brennan Turner
Grain markets all struck green this week as some production concerns, combined with decent export activity helped spur the complex higher. With the crop year changing over to 2020/21 on Tuesday, September 1, corn and soybeans futures led the charge as yield potential is being challenged more and more (thanks Mother Nature!) Put another way,… Read More
Grain markets were able to rebound in the 3rd week of August as crop tour results and some technical buying help moved the complex higher. While we’ll dig into the ProFarmer crop tour results in a bit, corn and soybean prices weakened towards the end of the week on both farmer and technical selling, as… Read More
Grain markets ended the second week of trading in August mostly in the green, despite a bearish WASDE report from the USDA that suggested record national average yields for both corn and soybeans. Arguably, these yields have been priced in though, and the complex rallied on a devasting “derecho” windstorm in Iowa and some solid… Read More
Grain markets took a nosedive in their first week of trading in August, as yield forecasts get updated, weather pressures subside, and traders prepare for next Wednesday’s WASDE report. Put simply, the closer we get to combines rolling, the more of the supply number gets baked into the current prices. Reality is, that new JD… Read More
Grain markets ended the month of July in the red, albeit, from a monthly performance standpoint, it wasn’t all bad news bears. Chicago wheat prices gained nearly 40 cents, or 8%, while canola and soybean prices both improved by about 2.5%. However, while corn prices lost about a quarter, or 7.5%, in the month of… Read More
Grain markets were able to squeak out some gains this week, but corn prices were the obvious worst performer as the size of the impending harvest becomes better known. Wheat prices were able to earn a few pennies, thanks to hot weather concerns in North America and Argentina, while soybeans were supported by Chinese buying… Read More
After a two-week hiatus, I’m back with the weekly recap and this week, grain markets ended things mixed. Wheat prices were weighing weather and production downgrades, while corn and soybean prices remain concerned about demand, albeit these two did climb on Friday. For these 2 crops, China is certainly buying but it doesn’t seem like… Read More
Grain markets took a pretty serious tumble to end the last full week of trading in June as beneficial rains fell, or are forecasted to fall on the large majority of North American growing regions. Thanks to said precipitation, the bearish players pushed corn and soybeans to fall every single trading session this past week,… Read More
Grain markets ended this past week rather mixed as demand and weather are supporting some crops, but not others. Winter wheat prices continues to pressured by harvest accelerating, while spring wheat and canola found strength on some technical factors and dryness in Western Canada. Despite some favourable long-term temperature & rainfall forecasts for most of… Read More