Grain markets ended the first trading week of December mostly lower, though oilseeds found some gains on soybean exports and production headlines. We’re going to get the USDA’s December WASDE report Tuesday, but StatsCan and ABARES released updated production estimates for the Great White North and the Land Down Undaa, respectively. Soybeans found some gains… Read More
Search Results for: this week in the grain markets
Grain markets ended the month of November strongly as a shortened trading day on Friday, November 29th (due to the U.S. Thanksgiving holiday) saw significant technical selling, which pushed prices up. Corn gained eight cents while Chicago SRW wheat futures jumped 15 cents on Friday alone — helping the complex end the month on an… Read More
Grain markets were mixed for the 3rd week of November, but winter wheat prices finally had a green week of performance thanks to strong export activity and concerns of how the 2020 crop is starting out. Supporting the cash markets has been the slow state of Harvest 2019 and farmers being less inclined to sell,… Read More
Grain markets ended a shortened-trading week mostly in the red as the complex pulled back on concerns over a trade war deal getting done and ongoing weak demand fundamentals. While many analysts are saying that corn and soybeans are oversold and nearing technical support levels, the only thing that seems to be strengthening is basis… Read More
Grain markets ended the week mostly lower, as hiccups surrounding the release of the November WASDE report put a damper on things. On Friday, November 8th, the USDA was supposed to release their monthly estimates of world agriculture supply and demand at 12PM EST. Instead, their website crashed and the actual report wasn’t released until… Read More
Grain markets entered November on a mixed-week of performance, but most grain prices did find some positive gains for the month of October. Canola and hard red spring wheat were the only futures markets who didn’t find positive gains in October, suggesting that the price run-up at the end of September might’ve priced in anticipated… Read More
Grain markets finished the fourth week of October with the same headlines running the complex: harvest weather/challenges and a trade war deal between the U.S. and China. Soybeans saw a big sell-off on Friday though as speculators sold off positions ahead of the weekend with no confirmed news of a deal between the world’s two… Read More
Grain markets had a mixed week as the complex tried to decide what’s more important: winter weather messing up harvest progress, the possibility of a China-U.S. trade deal, and wheat production concerns. The down week for corn and soybeans was likely a result of physical buyers putting in hedges ahead of the weekend, one that’s… Read More
Grain markets found some legs this week as snow and freezing temperatures started to hit the majority of North America’s major growing regions. A few other highlights include indicators that a U.S.-China trade war resolution may be found, as well as the October WASDE report, which was supportive of soybeans but bearish for corn and… Read More
Grain markets ended the week mostly in the green, thanks to a somewhat bullish U.S. quarterly stocks report, an expansion of the ethanol mandate and some challenging harvest weather. On Monday, the USDA served up its report for grain inventories in the U.S. as of September 1st, 2019. Going into the report, the market was… Read More
Grain markets were mixed in the last full trading week of September, with weather and trade continuing as the two main themes for this growing season. It was a busy week in trade, positioning itself for the end of the trading month, calendar quarter, and the release of the quarterly stocks report for American grain…. Read More
Grain markets ended the third week September rather mixed as trade and export disappointments dragged down corn and soybean prices while wheat found gains on quality concerns. For corn, U.S. 2019/20 exports are tracking about 37 per cent behind last pace through this week, while China cancelled its farm visits, intuitively fading in optimism for… Read More
Grain markets this week found some gains (finally) as Mother Nature and updated Harvest 2019 estimates catalyzed traders to bid up the lows we’ve been on lately. Soybean prices in Chicago were buoyed by a drop in production by the USDA in their September WASDE report, but also fresh news of China buying at least… Read More
Grain prices started the month of September much like they finished August: tumbling lower. December corn prices made new contract lows on bearish yield and production estimates from private firms. This prompted wheat markets to follow corn lower. Allendale, INTL FC Stone, and Informa all shared updated yield estimates this past week, and since they… Read More
This week finalized a tumultuous month for grain markets with China, weather, and crop conditions owning the headlines. While most grain prices on the futures board were able to find some gains for the week, it was a bearish month for the complex. As the table below shows, wheat and corn prices took the hardest… Read More