Tag: FarmLead

Most Bearish WASDE Ever? — This week in the grain markets

On Wednesday, September 12th the USDA came out with one of the most bearish World Agricultural Supply and Demand Estimates (WASDE) reports in recent memory, destroying any pre-report expectations — especially for corn and soybeans. Going into the September WASDE report, the market was already quite bearish on soybeans, expecting to see 2018/19 ending stocks in… Read more »

U.S. rains, Canadian harvest pressures wheat markets — This week in the grain markets

Grain prices had a mostly red week but corn, soybeans, and canola were all about to recover their losses on Friday to end the week near equal — if not slightly above where they ended the previous Friday. Chicago SRW wheat contracts lost about 32 cents USD/bushel to close down 5.5 per cent – six… Read more »

StatsCan report can’t reverse bearish August — This week in the grain markets

Grain markets rallied on Friday to finish the last week of August mostly in the green but it wasn’t enough to make up for the sell-off that started mid-month. In terms of infleuncers, Statistics Canada provided its first in-depth forecast of the Canadian crop, but also that a new NAFTA agreement was nailed down in… Read more »

Usual or Unusual Grain Markets? — This week in the grain markets

Grain markets all pulled back this week on some bigger yield reports in the U.S. corn and soybean belt, while wheat markets took a breather from their bullish run. The U.S. corn crop is certainly advanced, with 44 per cent of fields dented as of last Monday. For perspective, going into the Week 34 USDA crop progress… Read more »

Grain markets gain on trade talks — This week in the grain markets

Grain markets crossed the mid-point of August on the good news that the United States government has set meetings with China to discuss concessions and ways to mitigate the ongoing trade problems that have hammered grain prices. We have to be rational with our expectations, but there is some optimism that geopolitical banter will be for the better…. Read more »

Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In… Read more »

Getting away from artificial prices – This week in the grain markets

Grain markets this week finished higher for the second straight week as the complex seemed to wake up from the nightmare it’s been in the last few months. Corn prices had a fairly good week in Chicago. Front-month and next-month contracts added a few percentage gains as markets kept a close eye on European weather… Read more »

Market Recap: Record canola acres, pulse crop frustration, and wheat optimism

Are you holding out for $10 yellow peas, when you know you’re profitable at $8 per bushel? That’s just one of the gems we’ve mined from this quick market recap from none other than FarmLead founder, Brennan Turner. Earlier this week, Turner once agains joined Shaun Haney at the RealAgriculture booth at FarmTech to wade… Read more »

FarmLead launches new basis negotiation feature

FarmLead, North America’s Grain Marketplace, announced today the launch of the FarmLead Basis Negotiation feature on its leading trade platform. The new feature allows buyers and sellers to post and negotiate basis contracts in addition to the existing options of cash contracts. The announcement complements the company’s continued expansion across North America. The new feature… Read more »

FarmLead Announces Major Fund Investment

FarmLead, a Canadian-based and now global online grain marketplace, has announced a six-point-five million dollar (US) Series A raise led by Monsanto Growth Ventures (MGV), the venture capital arm of Monsanto, with additional investments from Avrio Ventures, the MaRS Innovation Accelerator Fund and Serra Ventures. The close supports FarmLead’s expansion into the U.S. market and the opening of… Read more »

FarmLead Launches New Deal-Matching App

FarmLead has launched an all-new mobile app available for iOS and Android platforms. The new app includes an optimized mobile interface, improved negotiation features, and expanded geographic coverage. This version of the FarmLead app also features an improved deal matching tool, allowing users to geo-locate offers. Deal negotiation now includes a chat feature, allowing buyers and sellers to discuss a deal before… Read more »

RealAg Market Update: What Goes Up Must Come Down…Or Maybe Not

Moisture is finally scattering across the prairies, and yield potential is looking good, but what is behind the agricultural commodity complex rising? Can this rally sustain itself over the rest of 2016? Or is it just an imposter rally sucking in the unsophisticated longs? At Canada’s Farm Progress Show in Regina Saskatchewan, Shaun Haney caught… Read more »

Flip-Flopping Trade, Fed Decision and a Focus on Risk Still On the Table — This Week in the Markets

Grains this week were relatively mixed as a combination of various weather forecasts and new production reports had the trade flip-flopping all over the place. Corn and soybeans were lower with good growing conditions and South American planting starting up. The strength of the U.S. dollar has been waning a bit as expectations were confirmed… Read more »

Grain Pricing Transparency is Sadly Long Overdue

This past week the PDQ (price and data quotes) website was launched for farmers across Western Canada. As noted by Tom Steve of the Alberta Wheat Commission, “This level of cooperation is encouraging and we look forward to improving the level of price transparency available for farmers and other industry stakeholders via PDQ.” In truth,… Read more »

This Week in Markets — A WASDE Recap, Bullish Acreage Numbers & More

Grain and oilseed prices through the middle of August continue to be depressed by anticipation of a bigger harvest. Specifically, on Tuesday, August 12th we got this month’s version of the USDA’s WASDE report which came in somewhat bullish corn, despite production still being pegged at over 14 billion bushels. Corn prices were supported by… Read more »