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.
Grain markets closed mostly lower to start April off, as the highs seen last week gave way to some profit-taking and farmer selling. We saw said selling firsthand on the Combyne cash grain marketplace as buyers were able to take advantage of the weaker Canadian Loonie and shore up some coverage before fertilizer deliveries make… Read More
Grain markets found green again to end the last full trading week of March as capital inflows into the space and demand for essential foodstuffs remains strong. That said, only wheat had a positive day on Friday as the rest of the complex and broader equity markets saw a sell-off. The Canadian Loonie finished the… Read More
Grain markets were mixed to end the third week of March with oilseeds and wheat finding strong gains near its end while corn and oats couldn’t recover deep losses earlier in the week. In the broader markets, U.S. stocks had their worst week since 2008, with the Dow losing 17.3 per cent, the S&P 500… Read More
Grain markets ended the second week of March in the red as the complex sold-off alongside oil and equities as panic-selling was the only trend to speak of. Corn and wheat futures were able to rebound a bit on Friday, but May soybeans fell to new contract lows on demand fears and some better weather… Read More
Grain markets mostly ended lower again this week as the concerns about the coronavirus and grain demand continue amidst some volatile trading on the broader equity markets. This said volatility though tends to indicate a bottom is nearby. Countries around the world continue to provide economic stimulus as a way to mitigate the financial impact… Read More
Grain markets ended the third week of February mixed, with the wheat complex gaining ground that was lost last week while corn and oilseeds had a red week. The latter was a function of larger acres estimated by the USDA at their annual Ag Outlook conference in Washington. While the market was looking for more… Read More
Grain markets didn’t find a lot of love from traders on Valentine’s Day as a red day pushed most of the complex lower for the week. Only soybeans were able to find some gains on the thinking that China will be buying more soybeans now that the Phase One trade war deal is in effect…. Read More
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
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