Author: Brennan Turner

Grains pushed through the first full week of September with a mix of bearish and bullish headlines, but mostly of the latter as a weaker U.S. Dollar, wet weather, and decent export numbers being supportive. Corn was the shining star for the week, up 3.5% in Chicago, mainly supported by ethanol being up more than… Read More

Grains continued to be pressured by the Harvest 2016 season and continuous benign weather in the U.S. that are keeping crop conditions and yield projections at elevated levels. Estimates on the U.S. corn crop ranges between 170 and 175 bu/ac, suggesting around a 15-billion-bushel crop, while soybean yield estimates are sitting between 48.5 and 50.5… Read More

The grain market was filled with lots of pictures this week, thanks to scouts testing Twitter’s ag photo limit by uploading shots of corn cobs as the annual Pro Farmer crop tour ran from Monday to Thursday. The tour showed numbers that came in about 5 full bushels below the U.S.D.A.’s current estimate on the average… Read More

Grains in the past week have started to improve a bit as concerns over quality and a lower U.S. Dollar are supporting more international demand. The wetter weather in the Canadian Prairies is widening out quality premiums, especially in lentils and a little less so in durum, but it’s becoming more apparent with every growing season… Read More

Grains this week ended surprisingly barely changed, despite a record world agricultural supply and demand estimates (WASDE) report from the USDA. Going into the report, most of the market was expecting the USDA to update U.S. average yields as growing and crop conditions have been pretty good. Ahead of the report, the market was expecting an… Read More

Grains blew through the first week of August like a night owl, trading well overnight before collapsing during most daylight hours. For once, wheat was the big winner of the week, up more than 2% on concerns over the crop coming off in Europe and substitution away from corn for feed demand pretty much all… Read More

Another growing season month is completed and there’s just about as many questions out there on the crop as there was at the beginning of the season. As usual, volatility ensues and this past week was no different, but mostly to the downside as any charges made by the bulls was quickly put to bed… Read More

Grains had another red-banner week…red being the colour that grain markets were wearing basically all week as weather risk premium and fund selling continued to plague the bulls. Rains from last weekend through next week are massively discounting the threat of high heat and high humidity being felt by those in major grain-growing regions across… Read More

Grain markets this week stepped up the plate, took a swing on some expected weather forecasts and new demand numbers from the U.S.D.A. on Tuesday July 12th, and hit one out of the park. However, the play was reviewed, and with updated weather information, the home run was called back and things ended up lower… Read More

As we enter the second half of the 2016 calendar year, the second quarter (April to June) could be easily characterized as the fund-rally that brought farmers profits. The commodity space in general enjoyed its best quarterly performance since 2010, outperforming every other asset class, and that’s exactly the reason that we saw money managers pile into… Read More