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.,…
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 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.
Grain markets headed into Easter weekend continuing to arm the battle bearish supply headwinds against bullish headlines of “it’s too wet”.
Grain markets pushed into the month of April still digesting some of the United States Department of Agriculture’s (USDA) stocks and acreage report, monitoring harvest progress in South America and preparing for Plant 2017 in North America.
Grain markets headed towards the end of March with their eyes clearly focused on the March 31st United States Department of Agriculture (USDA) stocks and acreage reports.
Grain markets headed closer to Plant 2017 with more focus on any little headline to trade off of with no major changes to production or demand at this time.