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
Grain markets were able to find gains as they entered the first few days of November, mainly driven by some rumour-driven optimism around the trade war between the U.S. and China ending sometime soon. After posting a monthly low to end October, soybean prices jumped about 4% in a few minutes on Thursday after a… Read More
Grain prices this week dipped lower as the complex dealt with some U.S. export numbers that came in below expectations and harvest 2018 picking back up. However, things might slow again soon as it looks there are a few spots that might get rain over the weekend or into next week, which would intuitively slow… Read More
Grain markets this week mostly ended lower as the complex dealt with the pace of Harvest 2018 picking back up. The losses were mitigated by a mostly positive day of trading though on Friday, which helped canola and oats end the week in the green. On that note, I’ve been getting a lot of questions… Read More
On Thursday, October 11th, the USDA released the October WASDE report, showing a smaller U.S. corn crop, but still some relatively large global supplies, notably in soybeans. Going into the report, the market was a bit bearish, expecting 2018/19 corn, soybean, and wheat carryout in both the U.S. and around the world to increase. However,… Read More
Grain markets ended the last trading week of September mostly in the red, weigh on by relatively bearish stocks report from the USDA. Oats and canola prices were the only crops that were able to end the week in the green as concerns about the Western Canadian harvest continue to mount. The gains made this… Read More
Grain markets this week ended mostly higher as the complex has potentially digested the entirety of the U.S.-China trade war and a record American crop. Specifically to Canadian grain prices, contrasting fundamentals kept prices relatively flat this week. On the bearish side, the September satellite-based crop production estimates came out with numbers that were all… Read More
On Wednesday, September 12th the USDA came out with one of the most bearish World Agricultural Supply and Demand Estimates (WASDE) reports in recent memory, destroying any pre-report expectations — especially for corn and soybeans. Going into the September WASDE report, the market was already quite bearish on soybeans, expecting to see 2018/19 ending stocks in… Read More
Grain prices had a mostly red week but corn, soybeans, and canola were all about to recover their losses on Friday to end the week near equal — if not slightly above where they ended the previous Friday. Chicago SRW wheat contracts lost about 32 cents USD/bushel to close down 5.5 per cent – six… Read More
Grain markets rallied on Friday to finish the last week of August mostly in the green but it wasn’t enough to make up for the sell-off that started mid-month. In terms of infleuncers, Statistics Canada provided its first in-depth forecast of the Canadian crop, but also that a new NAFTA agreement was nailed down in… Read More
Grain markets all pulled back this week on some bigger yield reports in the U.S. corn and soybean belt, while wheat markets took a breather from their bullish run. The U.S. corn crop is certainly advanced, with 44 per cent of fields dented as of last Monday. For perspective, going into the Week 34 USDA crop progress… Read More
Grain markets crossed the mid-point of August on the good news that the United States government has set meetings with China to discuss concessions and ways to mitigate the ongoing trade problems that have hammered grain prices. We have to be rational with our expectations, but there is some optimism that geopolitical banter will be for the better…. Read More
This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In… Read More
Grain markets this week finished higher for the second straight week as the complex seemed to wake up from the nightmare it’s been in the last few months. Corn prices had a fairly good week in Chicago. Front-month and next-month contracts added a few percentage gains as markets kept a close eye on European weather… Read More