Grain markets closed the past week mostly higher as short-covering and bargain buying helped stop the slide seen since the U.S.-China Phase One trade deal was signed. The buying comes ahead of the February WASDE report, published on Tuesday, February 11th but the big cloud of uncertainty that remains over both grain and broader markets… Read More
Grain markets – and its participants – are likely relieved to see the month of January finish. The first month of 2020 started with much optimism as the trade war deal between China and the U.S. was set to be signed. However, grain markets were impatient and with no increase in buying of U.S. agricultural… Read More
Grain markets saw some heavy selling on Friday, January 24th, putting the complex in the red for the week as bullish factors seem to disappearing faster than patrons at a open bar that’s run out of booze. Adding on is the worrisome coronavirus, whose quick spread through China (and elsewhere, including the U.S.) is pushing… Read More
Grain prices ended one of the most hyped-up weeks in recent memory very mixed as the Phase One trade deal between the U.S. and China was signed. Put simply, the trade deal signed between China and the U.S. on Wednesday should’ve been a positive for grain and commodity prices in general, but the complex has… Read More
Grain markets ended the first full week of trading in 2020 mostly higher as the complex ignored some of the bearish data that the USDA presented in their monthly data dump, and instead, focused on the trade war deal expected to be signed by China and the U.S. next week. The main reason grain markets… Read More
Despite a bit of a sell-off on Friday, January 3rd, grain markets are starting 2020 strong, as trade deals buzz and strong export activity are fueling higher prices in a shortened trading week. Also weighing on the markets is the boatload of data that the United States Department of Agriculture (USDA) is going to release… Read More
Grain markets finished the week before Christmas mostly all in the green as follow-on technical buying and physical buying pushed the complex higher. Meanwhile there is still some uncertainty about how the trade deals are going to be executed, namely the $50 billion in agriculture purchases that President Trump has said China would buy. This… Read More
Grain markets ended the second week of December all in the green as news of the U.S. and China finally agreeing to terms of a phase one deal to stall the ongoing trade war. Also supporting prices was the market tracking higher soybean and corn prices in South America, as well as digesting limited changes… Read More
Grain markets ended the first trading week of December mostly lower, though oilseeds found some gains on soybean exports and production headlines. We’re going to get the USDA’s December WASDE report Tuesday, but StatsCan and ABARES released updated production estimates for the Great White North and the Land Down Undaa, respectively. Soybeans found some gains… Read More
Grain markets ended the month of November strongly as a shortened trading day on Friday, November 29th (due to the U.S. Thanksgiving holiday) saw significant technical selling, which pushed prices up. Corn gained eight cents while Chicago SRW wheat futures jumped 15 cents on Friday alone — helping the complex end the month on an… Read More
Grain markets were mixed for the 3rd week of November, but winter wheat prices finally had a green week of performance thanks to strong export activity and concerns of how the 2020 crop is starting out. Supporting the cash markets has been the slow state of Harvest 2019 and farmers being less inclined to sell,… Read More
Grain markets ended a shortened-trading week mostly in the red as the complex pulled back on concerns over a trade war deal getting done and ongoing weak demand fundamentals. While many analysts are saying that corn and soybeans are oversold and nearing technical support levels, the only thing that seems to be strengthening is basis… Read More
Grain markets ended the week mostly lower, as hiccups surrounding the release of the November WASDE report put a damper on things. On Friday, November 8th, the USDA was supposed to release their monthly estimates of world agriculture supply and demand at 12PM EST. Instead, their website crashed and the actual report wasn’t released until… Read More
Grain markets entered November on a mixed-week of performance, but most grain prices did find some positive gains for the month of October. Canola and hard red spring wheat were the only futures markets who didn’t find positive gains in October, suggesting that the price run-up at the end of September might’ve priced in anticipated… Read More
Grain markets finished the fourth week of October with the same headlines running the complex: harvest weather/challenges and a trade war deal between the U.S. and China. Soybeans saw a big sell-off on Friday though as speculators sold off positions ahead of the weekend with no confirmed news of a deal between the world’s two… Read More