Heading past the halfway point of September, the pace of the North American harvest picked up with excellent weather allowing crops to dry out from late growing-season rains. That being said, the quality of the crop coming off is quite variable with reports of fields next to each other swaying a few grades one way… Read More
Author: Brennan Turner
Brennan Turner is originally from Foam Lake, SK, where his family started farming in the 1920s. After a degree from Yale and some pro hockey, he started FarmLead.com, a risk-free and transparent grain marketplace (app available for iOS & Android). His weekly column on RealAgriculture is a summary of his free, daily market note, the FarmLead Breakfast Brief. He can be reached at [email protected] or 1-855-332-7653.
Grains this week fell significantly as harvest pressure starts to hit full tilt in the North American markets. Most of the northern half of North America and parts of Australia are experiencing some cold weather, which has the bulls frothing to see prices move higher, but the trend continues to head lower as bears are… Read More
Coming off the long weekend in North America, the grains market started the month of September trying to hold onto higher levels on varying weather affecting crop development and the situation continuing to unfold in eastern Europe. While reports vary on a proposed ceasefire between the Ukrainian army and pro-Russian separatists, the latest rumour to… Read More
As we close the month of August, the harvest itch was replaced in most areas with frustration as most of the U.S. Midwest and Canadian Prairies got hit with some untimely, heavy rains. The recent rains were seen as positive for both sides of the cornbelt with Iowa, Illinois, Indiana, & Nebraska all getting a… Read More
Grain markets this week tracked along with the annual ProFarmer US Crop tour which hit Ohio, Indiana, Illinois, Iowa, Nebraska, South Dakota and Minnesota. The results were mostly what everyone was expecting: there’s a big crop is out there and the market knows it. Digging into the crop tour’s numbers, estimated corn and soybean pod… Read More
Grain and oilseed prices through the middle of August continue to be depressed by anticipation of a bigger harvest. Specifically, on Tuesday, August 12th we got this month’s version of the USDA’s WASDE report which came in somewhat bullish corn, despite production still being pegged at over 14 billion bushels. Corn prices were supported by… Read More
Grains started the month of August with a little oomph as the tension between Russian and the rest of the Western world continues to build. Moscow is building up its military resources on the eastern Ukrainian border, signed a five-year oil deal with Iran, announced a one-year ban on the import of various agricultural products… Read More
The grain market continues to stagnate as traders, managed money, commercials, and producers alike are trying to determine if a bottom has finally been found. Grains have traded lower this week but wheat has rallied to close much higher than earlier in the week. Ultimately, July was an ugly month for the grains complex: canola… Read More
Favourable weather continues to hover like a dark cloud over the grain markets as they continue to trek lower, just as meat prices are going the opposite direction. While most prices are relatively unchanged week-over-week, soybean prices did find a bit of a bounce on very strong U.S. export sales (as they say, the cure… Read More
Listen to this week’s market wrap-up on Soundcloud: Grains are mostly lower this week as the market chews through a bearish report from the USDA on Friday, July 11th. The only place you would’ve seen bulls roaming around was at the Calgary Stampede, I’m afraid. Managed money continues to be net sold of all grains,… Read More
We’re getting to that point in the growing season where most producers have a general idea of what their crops are looking like. Of course, your expectations are completely dependent on where you farm and there is a fairly wide divergence of conditions out there right now. Eastern Saskatchewan & Western Manitoba continue to be… Read More
A conundrum. A quagmire. An imbroglio. Quite simply put, we’re in a bit of a predicament between some very wet conditions creating production concerns in Western Canada and the northern U.S. states, but also because the market it chewing through a neutral-to-bearish report from Statistics Canada on Friday, June 27th and a surprising USDA report… Read More
Grain markets continue to be depressed by favourable crop conditions, especially in the U.S. where the corn crop was most recently rated as 76 per cent in good-to-excellent condition while the U.S. soybean crop was rated as 73 per cent G/E. This is the fifth-best and best ratings for mid-June on record. University of Illinois… Read More
Grains this week have been in a bit of a slump as #plant14 is finally wrapping up and crop conditions are generally good. The start of the week focused around the portion of the U.S. corn and soybean crop rated good-to-excellent at 75% and 74% respectively. Wheat continues to trade lower with bigger expectations out… Read More
Grains this week were dealt a fairly bearish USDA crop progress report which indicated that the U.S. crop is coming up strong and, generally, in excellent condition. The report indicated that 76% of the U.S. corn crop is in good-to-excellent condition, a start that’s only been topped by the 2012 crop start which put 78%… Read More