Initial market reaction to an incoming Donald Trump presidency has been positive for most financial markets, however commodity market moves haven’t been as decisively upward as the market digests several unanswered questions. Neil Townsend, market analyst with Grainfox, says the very early reaction on Wednesday trended a little negative, even, and that’s not likely a… Read More
Category: Realag Markets
When a market analyst tells you to “reward the market” by selling in to a rally, what does that actually mean? Is 20 cents enough? What about 50 or 60? Does it depend on the crop? The exact number of upward movement is probably different for everyone, says Tyler Schau, market analyst with AgMarket.net, but… Read More
Every now and then expected seasonality offers a surprise for grain growers. For fall of 2024, commodity markets are moving ever so slightly against seasonal trends and are actually edging higher ahead of the coming corn harvest. Ranulf Glanville, market analyst with Grainfox, says that market behaviour right now offers farmers some reasons to be… Read More
The USDA will roll out its latest production report this coming Monday, and farmers and analysts alike are hoping it provokes some market action to the upside. Scott Shelladay, host of The Cow Guy on RFD-TV, says that next week’s report will be crucial to grain market moves, markets that have been weathering news of… Read More
There isn’t really any more crop in storage than is average for this time of year, says Steve Kell, grain merchandiser with Kell Grain; however, current prices and price outlooks has many farmers less than enthused about pricing ’24 crop. Kell notes that prices are 25 per cent lower than last year at this time,… Read More
Monday’s USDA acreage report was a surprise to Chip Flory not because of the numbers in the report, but because the acreage adjustment happened so soon in the growing season. Flory, host of AgriTalk, says the USDA’s move to knock off 700,000 acres of corn and add a million soybean acres does make sense, but… Read More
The wheat market isn’t usually the exciting one to watch, but as Ranulf Granville, chief market analyst with Grainfox, says over the last six to eight weeks there’s a lot of company that has started to gather on the bullish side making for some excitement. But is wheat really in that much better a fundamental… Read More
It’s like lemon juice on a paper cut for those in the far south of Ontario who haven’t got an acre of corn in the ground yet, but the initial look at the emerged corn crop in the U.S. is looking mighty fine. Ranulf Glanville, chief market analyst with GrainFox, says that this early good… Read More
Let’s hope grain markets fare better than the Winnipeg Jets did in Game 2 of their Stanley Cup playoff game last night, but if they don’t Jon Driedger, disappointed Jets fan and market analyst with Leftfield Commodity Research, says there’s still reasons to sell small into price rallies. Where are we at right now? Big… Read More
Houston, we have a problem — and it’s larger-than-ideal crop supplies available combined with lagging demand for some oilseed and crush byproducts. That’s at least part of what is going on in the oilseed complex, says Tyler Schau of AgMarket.net. He spoke with Shaun Haney at Commodity Classic last week held at — you guessed… Read More