Grains pulled back from some of their highs the week prior as market participants looked to close up some trades and lock in some profits for the month of November. While the highs of the month were posted for most grains right after the E.P.A.’s announcement last week, the oilseeds market did end the month with a positive gain on…
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.
If you would like to be notified when a new article is posted, please click on the subscribe button below.
Grain markets heading into the American Thanksgiving weekend had plenty to be grateful for as continued demand, some weather premiums, and updated biofuel mandates supported the complex.
One week after Donald Trump was voted in as the next President of the United States of America, the United States (U.S.) dollar hit a 14-year high.
The second week of November was one for the history books as agricultural markets had to deal not only with the monthly World Agricultural Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA), but also the United States (U.S.) Election.
Grain prices entered November above where they have been for the past couple of months thanks to some weather premiums and short covering in the futures market.
Towards the end of October, markets continue to chase the highs seen in June, but have not been able to get there yet.