Tag: FarmLead

Grain markets were able to rebound in the 3rd week of August as crop tour results and some technical buying help moved the complex higher. While we’ll dig into the ProFarmer crop tour results in a bit, corn and soybean prices weakened towards the end of the week on both farmer and technical selling, as… Read More

Grain markets ended the second week of trading in August mostly in the green, despite a bearish WASDE report from the USDA that suggested record national average yields for both corn and soybeans. Arguably, these yields have been priced in though, and the complex rallied on a devasting “derecho” windstorm in Iowa and some solid… Read More

Grain markets took a nosedive in their first week of trading in August, as yield forecasts get updated,  weather pressures subside, and traders prepare for next Wednesday’s WASDE report. Put simply, the closer we get to combines rolling, the more of the supply number gets baked into the current prices. Reality is, that new JD… Read More

Grain markets ended the month of July in the red, albeit, from a monthly performance standpoint, it wasn’t all bad news bears. Chicago wheat prices gained nearly 40 cents, or 8%, while canola and soybean prices both improved by about 2.5%. However, while corn prices lost about a quarter, or 7.5%, in the month of… Read More

Grain markets were able to squeak out some gains this week, but corn prices were the obvious worst performer as the size of the impending harvest becomes better known. Wheat prices were able to earn a few pennies, thanks to hot weather concerns in North America and Argentina, while soybeans were supported by Chinese buying… Read More

After a two-week hiatus, I’m back with the weekly recap and this week, grain markets ended things mixed.  Wheat prices were weighing weather and production downgrades, while corn and soybean prices remain concerned about demand, albeit these two did climb on Friday. For these 2 crops, China is certainly buying but it doesn’t seem like… Read More

Grain markets took a pretty serious tumble to end the last full week of trading in June as beneficial rains fell, or are forecasted to fall on the large majority of North American growing regions. Thanks to said precipitation, the bearish players pushed corn and soybeans to fall every single trading session this past week,… Read More

Grain markets ended this past week rather mixed as demand and weather are supporting some crops, but not others. Winter wheat prices continues to pressured by harvest accelerating, while spring wheat and canola found strength on some technical factors and dryness in Western Canada. Despite some favourable long-term temperature & rainfall forecasts for most of… Read More

Grain markets closed mixed this past week as demand interest from China supported soybeans (and canola followed) while all other crop prices fell on expectations of bigger crops. In the June WASDE report, released on Thursday, the USDA showed the market weaker ethanol demand and a bigger U.S. winter wheat harvest. Supporting grain markets before… Read More

Grain markets ended the week mixed as a stronger U.S. Dollar led to some profit-taking on Friday, somewhat capping the substantial gains made in soybean prices. Conversely, wheat prices were set to close positive for the week but Friday’s strength in the U.S. Dollar, profit-taking, and increasing winter wheat harvest activity turned the complex red…. Read More

Grain markets saw a bit of a sell-off on the last Friday of May with mostly lower as the traders booked profits before the end of the month amidst growing uncertainty in U.S.-China trade relations. This week, China moved with a heavy hand to take full control of Hong Kong, the city-state given up by… Read More

Grain markets headed into the U.S. Memorial Day long weekend with a bit of a limp as traders watched technicals for direction amidst some benign crop conditions and a firmer U.S. Dollar. Wheat prices on Friday pared their gains made over three straight positive sessions, despite a smaller crop in Kansas expected and some short-covering… Read More

Grain markets were mixed this week as we got the first look at how the USDA is thinking about the 2020/21 crop year in terms of supply and demand, just as demand peeks its head out from underneath the COVID-19 covers. Through the middle of May, soybean and corn prices were helped by more optimism… Read More

Grain markets were mixed over the first full week of trading as investor jockeyed positions on frost fears, a fast planting pace, and newly-minted trade tensions between the U.S. and China. For the most part though, freezing temperatures were forecasted to hit everything north of central Illinois and that propelled the market into positive territory… Read More