Grains this week were dealt a fairly bearish USDA crop progress report which indicated that the U.S. crop is coming up strong and, generally, in excellent condition. The report indicated that 76% of the U.S. corn crop is in good-to-excellent condition, a start that’s only been topped by the 2012 crop start which put 78%… Read More
Many grain market participants are blaming the end of the calendar month as the reason for some sharp losses this week, as funds try to shore up their books and withdraw cash to pay off clients requesting their investment back. It’s interesting to note that managed money went net short in Chicago last week and… Read More
Good planting conditions and favourable weather in the U.S. has led to corn prices dipping slightly over the last week. Corn joins wheat prices on the downtrend all thanks to a bearish global picture. Old crop soybean prices have popped recently, hitting 11-month highs as crush margins and meat prices in China are improving while… Read More
Grains have traded relatively lower this week as a relatively bearish outlook from the U.S.D.A. last Friday but a bit of a damper on the market. Corn and wheat prices have taken the biggest hit week-over-week as positive planting progress across the border in the U.S. pulled back some of the premium built into the… Read More
If you cannot see the embedded player, click here. Late April has some farmers in Western Canada dusting off the seeding equipment, and there have even been reports of elusive railcars sighted at elevators. This is the backdrop to which grains continue to trade off of weather and the geopolitical situation in Eastern Europe. Concerns… Read More
If you cannot see the embedded player, please click here to hear this audio. As we ended the month of March and shovelled our way through “spring” weather in to April, the grain markets were hit with a fairly uneventful Stocks and Acreage report from the USDA. The biggest shock came in the form of… Read More
If you cannot see the embedded player, click here. The week that was saw some more gains earlier in the week reined in Thursday and Friday as trading focused on logistical issues, dry weather in parts of the U.S, Eastern Europe and Australia. The situation between Russia and Ukraine (and every other nation for that… Read More
Editor’s note: This is the second edition of a new weekly markets column authored by Brennan Turner, founder of FarmLead. Check out www.FarmLead.com for more, and find Brennan on Twitter as @FarmLead. The second week of March saw some wild price swing as the market focused on Monday’s World Agricultural Supply and Demand Estimates (WASDE) report from the… Read More
Editor’s note: This is the first edition of a new weekly markets column authored by Brennan Turner, founder of FarmLead. Check out www.FarmLead.com for more, and find Brennan on Twitter as @FarmLead. Grains in the first week of March were fairly volatile thanks to the situation in Ukraine standing on a razor’s edge. The market… Read More
Selling grain can be as easy as a phone call, but that’s the exception, not the rule. What’s more, getting a deal done usually requires a bit of back and forth to get the terms that work for your farm. The easier it is for grain buyers and grain sellers to connect and negotiate, the… Read More
Brennan Turner recently asked farmers if they’d prefer extra bushels but lower prices, or sky high prices but a poor crop. Not surprisingly, farmers would prefer inventory, likely in part because Canadian farmers are quite comfortable with storing grain. Of course, the yields and volumes coming off fields this fall has left many farmers without… Read More
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