Grain markets this week were mostly lower on a technical sell-off and a lack of bullish headlines to push things higher. After starting the week out in the green, the complex flipped the calendar into March on some fresh multi-month lows. Digging in corn prices, were the best performer, only losing about 10 cents in… Read More
Grain markets finished their third week of trading in February — one shortened by a day because of national holidays in Canada and the U.S. — on a strong note, namely because of positive announcements from American-Chinese trade war talks. While the week started out rather weak, especially in the wheat complex, Friday’s announcement that China has… Read More
Grain markets marched through the middle of February with most of the focus on three things: trade war negotiations between China and the U.S.; the potential for another U.S. government shutdown (and thus, no grain trade data again); and, continued digestion of the February WASDE report published by the USDA last week. All things considered,… Read More
Grain markets marched into the month of February without much fanfare, as wheat prices were the only thing to make positive gains since last Friday. Unfortunately, for Canadian readers, some of these gains were offset in the cash market by the fact the Canadian loonie gained nearly a full point (1% or 100 basis points)… Read More
Grain markets were mostly able to squeak some gains this week despite limited news, other than it looked like there would soon be an end to the U.S. government shutdown. However, pessimism in getting a deal to end the trade war between China and the U.S. kept gains in check, and actually kept corn prices… Read More
Grain markets performed well on Friday, January 18th, to help them recover some losses from earlier in the week. Oats, corn, soybeans, and canola all made positive gains compared to the previous Friday, while wheat prices ultimately closed 0.5% lower for the week, despite gaining a few cents this Friday. Ultimately, grain prices continue to… Read More
Grain markets are mixed as we start the first full week of the 2019 calendar year of trading with trade negotiations between the U.S. and China wrapping up, all while the U.S. government shutdown remains. This meant there was no WASDE report released on Friday — the day it was supposed to be . In… Read More
Happy New Year! I hope you find this first post of 2019, rested, yet filled with memories from the holiday season. For some of you, including yours truly, might be weighing in a little heavier after some big family meals — one could say that this always happens. That repeatability continues on to the New Year’s… Read More
As we head into the last full week of the 2018 calendar year, grain markets held a bit of a weaker tone. This past week, no crops on the futures boards were able to make any positive gains despite some positive export activity being noted by the USDA, especially from China! Put another way, grain… Read More
On Wednesday, it was announced China would make its first major purchases of U.S. soybeans since the “trade war truce” made between the two countries at the end of the G20 Summit in Argentina. The purchase of over 1.5 MMT of U.S. beans, valued at more than $500 million USD supported soybean prices on Wednesday,… Read More
Except for oats futures, the entire grain complex enjoyed a week in the green as geopolitical risk and production headlines swirled. On Friday, wheat markets had a big day as market participants responded to a week of strong U.S. export sales. While total export activity is down year-over-year, it’s a positive sign for future sales…. Read More
Grain markets ended the month of November mostly in the green as optimism around of the trade war between the U.S. and China ending helped pushing the complex higher. A lot of focus to end the month was down in Argentina, where this week’s G20 Summit is taking place and many meetings between country leaders… Read More
Grain markets traded mostly lower this week as the complex dealt with thin volume on the shortened trading week, due to the U.S. Thanksgiving holiday. More broadly, grain markets are watching for any news on trade negotiations between the U.S. and China. Weather out of South America is usually a catalyst for this time of… Read More
Grain markets trekked through the middle of November fairly mixed as for the week with soybeans making strong gains, but corn and canola losing ground. Similarly, Minneapolis HRS wheat and Kansas City HRW wheat ended the week lower, but SRW wheat and oats futures in Chicago actually made some healthy gains. Most of the week… Read More
Grain markets ended this past week all lower as the complex took note of some larger inventories in this week’s November WASDE report, and not the smaller U.S. yields. Updates from China’s National Bureau of Statistics (NBS) were incorporated into this month’s WASDE report. Basically, if not for China, this might be considered a bit… Read More