Tag: FarmLead

To end the month of May, grain prices took a bit of a hit on the last trading day of the month, with most crops on the futures board seeing double-digit losses. The complex was still able to squeak out some gains for the week (as shown below). Put simply, all those traders who were… Read More

As many western Canadian producers are passed the halfway point of seeding, American Midwestern farmers are still barely scratching dirt thanks to continuous rains. Grain markets have started to acknowledge some of this latter risk, in addition to the benefit of a second round of trade war aid from President Trump. Looking more continental, the… Read More

Grain markets ended the week deep in the red as complex dealt with a myriad off bearish factors, capped off by the May 2019 WASDE report from the USDA. Said WASDE report, U.S.-China trade war talks breaking off, and weak U.S. grain export sales was just too much to offset any bullish dynamic from Mother… Read More

Grain market continue to pull back in the last full week of trading in April as bearish demand and supply issues are keeping the bears in control. For the week, there was some negative positioning of sorts as the bears pushed contracts from the May to the July 2019 contracts on the futures boards. One… Read More

Grain prices finished a shortened trading week mostly in the red as the complex continues to ignore some negative weather forecasts on the basis that there’s amply grain stocks and that a crop today can get planted in a very short timeframe. Put another way, the bulls took a breather heading into Easter, with bears… Read More

Grain markets were served up another monthly instalment of the World Agricultural Supply and Demand Estimates (WASDE) this past week by the USDA, but if you didn’t know that, you might’ve missed it. The report came out as mostly expected, which was bearish, and since there weren’t too major surprises in this WASDE report, I’ve… Read More

Grain markets worked through the third week of March with weather headlines drowning most of the Chinese trade issues in the U.S., but it was the opposite in Canada. In outside markets, global stocks and bond yields fell on Friday as fresh data points have amplified some thinking about a weakening world economy. On Thursday,… Read More

Grain markets were served up a monthly WASDE report on Friday, March 8th, but the numbers didn’t bring any new bullish feelings to the table. Most of the numbers that the USDA produced were either pretty close to their February WASDE number, or the pre-report estimate (which, as you can tell for yourself below, were… Read More

Grain markets finished their third week of trading in February — one shortened by a day because of national holidays in Canada and the U.S. — on a strong note, namely because of positive announcements from American-Chinese trade war talks. While the week started out rather weak, especially in the wheat complex, Friday’s announcement that China has… Read More

Grain markets marched into the month of February without much fanfare, as wheat prices were the only thing to make positive gains since last Friday. Unfortunately, for Canadian readers, some of these gains were offset in the cash market by the fact the Canadian loonie gained nearly a full point (1% or 100 basis points)… Read More

Grain markets performed well on Friday, January 18th, to help them recover some losses from earlier in the week. Oats, corn, soybeans, and canola all made positive gains compared to the previous Friday, while wheat prices ultimately closed 0.5% lower for the week, despite gaining a few cents this Friday. Ultimately, grain prices continue to… Read More

Grain markets are mixed as we start the first full week of the 2019 calendar year of trading with trade negotiations between the U.S. and China wrapping up, all while the U.S. government shutdown remains. This meant there was no WASDE report released on Friday — the day it was supposed to be . In… Read More

Happy New Year! I hope you find this first post of 2019, rested, yet filled with memories from the holiday season. For some of you, including yours truly, might be weighing in a little heavier after some big family meals — one could say that this always happens. That repeatability continues on to the New Year’s… Read More