Some hot, dry weather through the first few weeks of June in parts of Western Canada and the Northern Plains added some premium to the markets, albeit it’s started to fade with some rain finally falling and/or in the forecast. It’s now suggested that almost 90% of North Dakota and over half of South Dakota is experiencing drought…
Brennan Turner is originally from Foam Lake, SK, where his family started farming the land in the 1920s. After completing his degree in economics from Yale University and then playing some pro hockey, Mr. Turner spent some time working in finance before starting FarmLead.com, a risk-free, transparent online and mobile grain marketplace (app available) that has moved almost 150,000 MT in the last 2.5 years. His weekly column is a summary of his free, daily market note, the FarmLead Breakfast Brief. Visit the FarmLead website (www.farmlead.com) for more information and to sign up for Brennan's newsletter.
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Grain markets entered the month of June with weather premium waning a bit before we saw some below-expected crop ratings out from the U.S.D.A. add some bullishness back in the market.
While calendars in the U.S. and Canada showed an extra 24 hours for the weekend via Memorial and Victoria Days respectively, grain markets (and farmers) for that matter hardly took a vacation.
Grain markets pushed through the month of May with a little more volatility under its belt as more volatile weather and geopolitical risk in Washington, D.C. is creating more uncertainty. Heading into the Canadian May long weekend, parts of Western Canada and U.S. Northern states were hit with sub-zero temperatures which shouldn’t…
Grain markets pushed through the second week of May with a little more volatility, but not from weather effects, rather new data. The U.S.D.A. gave out their first supply and demand forecast for the 2017/18 crop and it surprised the market in a few areas. A simple conclusive look at the numbers show more less corn globally and in the U.S.,…
Grain markets started the month of May on a bit of a hot streak as some wintery and watery weather hit main growing regions in the Midwest.
Grain markets headed towards the end of April with long eyes – those looking at fields still covered in snow from earlier in the week and traders who are looking at the wet conditions as delay for bullish opportunities.