Grains this week trended slightly lower as concerns over crop potential and slowing sales muted any bullish headlines coming from new USDA acreage reports. Canola and oats were down 0.45% and 0.5% respectively compared to a week ago while corn and wheat lost 1.1% and 1.7% each. The soybean complex took the biggest hit though,… Read more »
Author: Brennan Turner
Brennan Turner is originally from Foam Lake, SK, where his family started farming the land in the 1920s. After completing his degree in economics from Yale University and then playing some pro hockey, he spent some time working in finance before starting FarmLead.com, a risk-free, transparent online and mobile grain marketplace (app available for iOS & Android). His weekly column is a summary of his free, daily market note, the FarmLead Breakfast Brief. He can be reached via email ([email protected]) or phone (1-855-332-7653).
Above or Below The Line? — This Week in the Grain Market
Grain markets saw a correction this week as more supply and demand numbers out of South American became known, with less focus on the weather on the southern half of the equator. Everything ended the week in the red, with soybean oil being the biggest loser, down 4.85% while soybeans and canola lost 2.2% and 2.05%… Read more »
Playing Teeter-Totter — This Week in the Grain Markets
Grain markets through the first full week of February swayed a bit on geopolitical risk and the market digesting the February WASDE report from the USDA. Wheat was the biggest winner of the week, thanks to smaller-than-expected global stocks in the report, up 4% for the week while, on the flipside, oats was the worst… Read more »
Going Sideways — This Week in the Grain Market
Grain markets ended the month of January on the downtrend thanks to more geopolitical (aka President Trump) risk after reaching new highs the week before on continued weather concerns out of South America. Oats was again the main winner, up 2.55% for the week while wheat wasn’t farm behind, gaining 2.15%. With the Canadian Loonie… Read more »
Grain Market Moves this Week: It’s Not All Politics
Grain markets are closing out the month of January with not a lot of love as weather stabilizes in South American and President Donald Trump following through on a lot of campaign promises (first politician to ever do so?), which is creating more doubts about international demand and/or markets for U.S. agricultural products. From a performance… Read more »
Looking Ahead to Large Oilseed Supply — This Week in the Grain Market
Grain markets through the middle of January continue to be driven by South American weather challenges, namely flooding in parts of Argentina just as the soybean crop down there is starting to emerge. However, geopolitical factors like the U.K. Brexit and Donald Trump’s inauguration as the 45th U.S. President also weighed on markets. While soybeans… Read more »
Soybeans Driving Moves in the Grain Markets
Grain markets ended the second week of January a little higher than they started things, mainly thanks to a relatively bullish WASDE report from the USDA, on Thursday, January 12. The January report tends to provide some fireworks, and it did not disappoint this year, helping guide futures values higher. Soymeal, up 7.1% for the… Read more »
Setting the Stage for 2017 Grain Market Moves
After starting 2017 in the red, the grains market rallied quite well this week, however, corn and oilseeds are still below their highs seen in October and November. A couple of headlines that gained traction over the holidays were the South American weather (especially in Argentina), Egyptian wheat tenders, Black Sea winterkill risks, and continued… Read more »
Grains Markets 2016: Bullish Headlines & Bearish Facts
Grain markets headed lower this week as the market dealt with lower volume and profit-taking ahead of the winter holidays. Since last Friday, the Canadian Loonie lost 1.4% to head into the Christmas weekend below 74 cents USD as Trump economic policies that are trickling out continue to support the U.S. economy more than they… Read more »
Holiday Traditions — This Week in the Grain Markets
Grains markets cruised through the middle of December slightly lower to unchanged as export and domestic demand numbers tried to offset some changing monetary policy from the U.S. Federal Reserve. The U.S. Dollar climbed 1.3% for the week, making U.S.-based grains more expensive relative other origins. Oats was the only thing that made the green… Read more »
Taking A Few Hits — This Week in the Grain Markets
Grain markets see-sawed this week on multiple crop production reports, the likelihood of La Nina being played down, and speculators moving in and out of positions like a 3-year old at church. Oats was the winner again for the week, up 5.35%, followed by corn at 3.3%. Wheat and soybeans also fared well, up 2.15%… Read more »
Profit Taking & Waiting on Reports — This Week in the Grain Markets
Grains pulled back from last week’s highs as profits got locked in to end November and the trade got really choppy. The news that OPEC would cut production by 1.2 million barrels for six months couldn’t help oilseeds recover from its highs made last week, but canola did track soy oil, as each were up 0.35%… Read more »
This Week in the Grain Markets — Languishing Ideas
Grain markets got an American Thanksgiving boost as an unexpected update from the U.S. Environmental Protection Agency (EPA) surprised the oilseed complex, with soyoil leading, up 7.4% for the week. Soybeans weren’t far behind as they continue their run, up 5.1%, while canola held on a bit to climb 2.6%. Corn was supported by the EPA… Read more »
Feeling Great Again? — This Week in the Grain Markets
One week after Donald Trump was voted in as the next President of the United States of America, the U.S. Dollar hit a 14-year high and surprisingly, commodities didn’t tank. After a volatile election and W.A.S.D.E. week, all grains ended up for the week, led by oats which gained 2.8% since last Friday. Corn was… Read more »
Dropping Surprises — This Week in the Grain Markets
Grains this week took a rollercoaster ride as volatility was the name of the game, between the U.S. election, the U.S.D.A.’s November W.A.S.D.E. report, and some better Harvest 2016 weather. Trading ranges maxed out this week as things see-sawed from Tuesday night through Friday morning. Soybeans ended up down 0.3% from last Friday, oats lost… Read more »