Grain marketing app company Combyne Ag has been acquired by Bayer Crop Science, joining Bayer’s suite of digital tools for farmers. Combyne, which was known as FarmLead until 2020, will continue to operate at arms-length to Bayer’s broader business, while benefiting from added resources and association with a partner with a shared vision, says CEO… Read More
Tag: FarmLead
Grain markets moved into the second half of November largely in the green, thanks to USDA sharing some bullish data in their November WASDE report. Soybean and canola prices continue to reach new multi-year highs as export demand remains strong, stocks continue to tighten, and weather concerns remain for the South American crop. Wheat prices… Read More
Grain markets were able to find some fresh gains for the first week of November, one which was very much overshadowed by the U.S. election. While Friday saw some selling in the grain markets, it was a still a relative positive week, but it was one that history will likely remember for the controversial words… Read More
Grain markets finished the last week of October in the red, but the pull-back this past week was not enough to keep the complex from having a positive monthly performance for front-month futures contracts. To finish off the month of October, a lot of trading activity circled around a few key factors: La Nina/dryness issues,… Read More
Grain markets continued their march higher again this past week, as weather concerns, strong demand, and speculative buying continue to support the bulls. Wheat prices have been on a tear, with Chicago SRW values continuing to sit at 6-year highs on La Nina concerns. Meanwhile continued healthy Chinese demand for American corn and soybeans supported… Read More
Grain markets had another positive week of momentum on dry weather concerns and continued strong export numbers, albeit traders took profits on Friday, limiting the weekly gains. Corn closed above $4 USD/bushel on the Chicago futures board for the first time since August 2019 as exports (both sales and shipments) to China continue to grow…. Read More
Grain markets headed into the October long weekend on a high note after the USDA published a fairly bullish October WASDE report on Friday, October 9th, 2020. In it, the UDSA dramatically lowered soybean ending stocks, which helped propel the oilseed complex higher, including canola and soybean futures getting back up to levels not seen… Read More
Grain markets flipped the calendar this week on not only a new month, but also a new quarter, and there was plenty to digest. It really started in Tuesday’s wild U.S. Presidential debate, then was followed by Wednesday’s quarterly stocks and annual small grains production report from the USDA, and then finally, the news early… Read More
Grain markets pulled back this past week, something that many market participants, including yours truly, were expecting to see. Corn prices fell as harvest 2020 speeds up and the market is starting to consider the impact to ethanol demand, should a second wave of COVID-19 rage across the world this fall/winter. From a headline standpoint,… Read More
It’s official, we’re likely entering the twilight zone for grain markets. This week, we moved through the middle of September and grain futures are sitting at multi-year highs, yet it’s the time of year when we usually are seeing seasonal lows. The rally that we’ve seen since July has gone beyond just fundamental supply and demand factors, and… Read More
The corn market is surprisingly strong due to various factors in the markets these days. Some yield reductions out of the U.S., and some production issues in China may be part of the equation, but there seems to be a little more optimism in the market than is maybe warranted. Brennan Turner, CEO of FarmLead… Read More
In the western Canadian market, there’s currently been a lot of focus on canola, and StatsCan confirmed as much in their latest satellite-based report. Brennan Turner, CEO of FarmLead, says that when it comes to this StatsCan report, he would call himself a believer. Although there have been some yield numbers that Turner’s heard that… Read More
Grain markets continued to push higher, led by corn and soybean prices, as a friendly September WASDE report continue to bring more bulls to the table. Going into the report, the complex was focusing on demand line items and supply updates after a tough August of weather, and while the latter was recognized a bit, the USDA did… Read More
Grain markets continued their unusual upward trend to start the month of September as, despite some weather concerns and harvest progressing, the bulls are holding fast for the complex. Futures markets continue to be buoyed by some strong new crop export sales and said supply concerns, all of which helped soybean prices climb to new… Read More
Grain markets all struck green this week as some production concerns, combined with decent export activity helped spur the complex higher. With the crop year changing over to 2020/21 on Tuesday, September 1, corn and soybeans futures led the charge as yield potential is being challenged more and more (thanks Mother Nature!) Put another way,… Read More