FarmLead Update

European heat bolsters grain markets

Hot, dry weather has been a theme being seen in a lot of places around the world these days. Strategie Grains recently cut their EU wheat production estimate by 4.7 million metric tonnes (MMT) to 127.7 MMT, the lowest since 2012. Most of the northern half of Europe...

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USDA’s July WASDE sparks run for exits

On Thursday, July 12, 2018, the USDA released its monthly WASDE report. This report stood out mainly because it gave a pretty healthy indication just how the implementation of a trade war are influencing flows of commodities around the world. While grain prices...

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June WASDE excitement short-lived

On Tuesday, June 12, we got the USDA’s WASDE report for the month. The biggest changes were seen in the ending stocks, especially for corn. Also, a bit surprising? The situation in South America where the crop continues to be downgraded. Since the USDA rarely touches...

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Grain markets battle weather, trade risk

While there is undoubtedly some weather issues affecting both South and North American growing seasons, grain markets continue to buck the bullish thoughts. This is mainly attributed to the geopolitical risk, centered mainly around the USA. More specifically, there...

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Picking a horse for grain prices

Grain markets continue to be quite volatile through the middle of April as it tried to determine what was more important: geopolitical risk or weather. What certainly was not concerning was most of the USDA numbers, which the market was anticipating with some pretty...

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Soybean and Canola fall, while corn stands tall

While the focus going into Thursday’s March WASDE report was all about South America, the attention quickly turned to the American balance sheet for the remainder of the week. Speculators sold off their positions in most crops as prices fell hard on the Friday. Based...

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