Grains pushed through the first week of September with a mix of bullish and bearish headlines, but mostly of the former as a weaker United States (U.S.) dollar, wet weather, and decent export numbers have supported prices a bit.
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.
Grains continued to be pressured by the Harvest 2016 season and continuous moderate weather in the United States (U.S.) continues to keep crop conditions and yield projections at elevated levels.
On Tuesday, August 23, the Statistics Canada (StatsCan) crop production summer update was released and, as generally expected going into it, things were bearish.
Grains pushed through the middle of August with attention turning to yields coming off the earliest harvested fields and crop tours in America.
Grain markets are pushing through the middle of August with less focus on weather and more focus on demand numbers.
Grains entered the month of August with little fanfare as the market continues to sit near the lows.
As we close out the month of July and prep combines for Harvest 2016, crop conditions in the Canadian Prairies have dropped a bit with the recent rains.