Grain markets headed into Easter weekend continuing to arm the battle bearish supply headwinds against bullish headlines of “it’s too wet”.
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 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.
Grain markets through the middle of March started to turn a bit lower as bullish headlines have thinned out and the United States (U.S.) Federal Reserve raising interest rates, albeit the U.S. dollar pulled back a bit on bearish comments from the Federal Reserve and the likelihood of only two more rate increases in 2017 (the market was…
Grain markets moved through the first full week of March trading off of Brazilian logistics issues, bird flu in the United States (U.S.) Southeast, uncertain American biofuel policy, and sporadic North American weather.
Grain prices to start the month of March saw a healthy rebound as markets bounced from February lows after some policy rumours, logistics issues in South America, and North American acreage estimates for the 2017/18 crop.