As seeding begins in Western Canada, where are we at with canola acres, pulse prices, and the feed wheat outlook? In this week’s LIVE! Q&A, Brennan Turner, founder of Farmlead and the Combyne marketplace, joins Shaun Haney to discuss markets, take questions, and compare (a lack of) haircuts. From acres moving out of canola, to… Read More
Tag: FarmLead
Grain markets started the month of May on a downer as the combination of good weather and renewed trade fears between the U.S. and China stoked increased pessimism in the complex. Despite the latter sentiment, China did buy a lot of U.S. soybeans this week, which helped the oilseed close in the green; this helped… Read More
Grain markets had a topsy-turvy week before closing in the red as traders exited positions amidst growing concern of demand for agricultural commodities. The combined uncertainty about demand fundamentals for food – namely from the food services and hospitality industry -as well as oil markets pushed grain prices lower this week. While China and Mexico… Read More
Despite a positive performance on Friday, grain markets ended the past week in the red as traders booked profits and farmers made sales, amidst different supply and demand signals. Buzz around how economies are going to start up is shaking up this panic-buying demand that have hung over markets. Also complicating things this past week… Read More
Grain markets ended the Easter-shortened trading week with some heavy data and policy dumps, notably from the USDA and OPEC. On Thursday, April 9th, we got the USDA’s monthly WASDE report, although these estimates were largely discounted even going into the report given the ongoing COVID-19 related demand fluctuations. For the most part though, grain… Read More
Grain markets closed mostly lower to start April off, as the highs seen last week gave way to some profit-taking and farmer selling. We saw said selling firsthand on the Combyne cash grain marketplace as buyers were able to take advantage of the weaker Canadian Loonie and shore up some coverage before fertilizer deliveries make… Read More
Grain markets found green again to end the last full trading week of March as capital inflows into the space and demand for essential foodstuffs remains strong. That said, only wheat had a positive day on Friday as the rest of the complex and broader equity markets saw a sell-off. The Canadian Loonie finished the… Read More
Grain markets were mixed to end the third week of March with oilseeds and wheat finding strong gains near its end while corn and oats couldn’t recover deep losses earlier in the week. In the broader markets, U.S. stocks had their worst week since 2008, with the Dow losing 17.3 per cent, the S&P 500… Read More
Grain markets ended the second week of March in the red as the complex sold-off alongside oil and equities as panic-selling was the only trend to speak of. Corn and wheat futures were able to rebound a bit on Friday, but May soybeans fell to new contract lows on demand fears and some better weather… Read More
Grain markets mostly ended lower again this week as the concerns about the coronavirus and grain demand continue amidst some volatile trading on the broader equity markets. This said volatility though tends to indicate a bottom is nearby. Countries around the world continue to provide economic stimulus as a way to mitigate the financial impact… Read More
Grain markets ended the third week of February mixed, with the wheat complex gaining ground that was lost last week while corn and oilseeds had a red week. The latter was a function of larger acres estimated by the USDA at their annual Ag Outlook conference in Washington. While the market was looking for more… Read More
Grain markets didn’t find a lot of love from traders on Valentine’s Day as a red day pushed most of the complex lower for the week. Only soybeans were able to find some gains on the thinking that China will be buying more soybeans now that the Phase One trade war deal is in effect…. Read More
Grain markets closed the past week mostly higher as short-covering and bargain buying helped stop the slide seen since the U.S.-China Phase One trade deal was signed. The buying comes ahead of the February WASDE report, published on Tuesday, February 11th but the big cloud of uncertainty that remains over both grain and broader markets… Read More
Grain markets – and its participants – are likely relieved to see the month of January finish. The first month of 2020 started with much optimism as the trade war deal between China and the U.S. was set to be signed. However, grain markets were impatient and with no increase in buying of U.S. agricultural… Read More
It has not been a great two weeks for the agricultural commodity market, as selling pressure has dominated the grain complex. Although corn found positive territory on Tuesday, the rest of the grain commodities were in the red again. “The market had a high expectation of China purchases post-trade deal signing and that has not… Read More