For the past three to four weeks, grain prices have been moving lower.
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 are headed into the middle of July with one thing on its mind: weather.
Coming back from the long weekend, funds liquidated more long positions after a wet weekend that alleviated moisture concerns in many areas across North America.
Just like you should review what worked and what did not work at the end of every growing season, we are passing the halfway point of the calendar year and it is time to review the grain marketing plan.