Category: Uncategorized
Thursday September 29, 2022
Markets mixed this morning, with beans taking its turn as the leader with corn and wheat slipping off highs Weekly export sales showing slightly better numbers this week compared to last week Soybeans seeing the strongest sales this week exceeding expected range South American planting continues as corn and soybeans get put into the ground […]
Wednesday September 28, 2022
Overall markets fairly subdued this morning with wheat being exception to the rule forging higher Wheat rallying on continued escalation in the Russian-Ukrainian conflict U.S. dollar remains near highs keeping gains more limited in the bean and corn markets Overall harvest progress continues across the U.S. USDA report out Friday – will update quarterly stocks […]
Tuesday September 27, 2022
Markets seeing some recovery this morning after a down start to the week – still trading in yesterdays range however Brazilian soybean planting has begun – with approximately 2% completed thus far, with good soil moistures U.S. Crop Progress Report Corn harvest now 12% completed Soybean harvest 8% completed Winter wheat planting on pace with […]
Monday September 26, 2022
Markets starting the week slightly lower overall, continuing to feel the pressure of the strength of the American dollar However an underlying support from lingering concern over what is happening in Russia and the Ukraine is keeping the markets from slipping much lower Rains rolled in Saturday evening slowing harvest pressure for the first half […]
Friday September 23, 2022
Lower across the board as the U.S. dollar forges new 20 year highs, conversely the Canadian dollar has dropped to its lowest price since July 2020, sub $0.74 this morning, supporting elevator basis levels as we come into harvest The rising U.S. dollar is pricing U.S. commodities out of the market, contributing to the overall lower tone […]
Thursday September 22, 2022
Markets trading slightly lower this morning across the board as the rally sparked earlier in the week is seeming to run out of momentum Wheat has slipped off highs but continues to hold a majority of gains picked up earlier in the week on the back of escalating aggressions in the Ukraine Soybean and corn […]
Wednesday September 21, 2022
Mixed markets today after major gains yesterday led by wheat Mid-day yesterday news broke of Russian intentions to annex approximately 15% of Ukraine’s land area, as well as calling up an additional 300 thousand reserve soldiers – the unexpected escalation in the Russian-Ukrainian conflict flung markets higher Ukraine Ag Ministry updated estimate for the 2023 […]
Tuesday September 20, 2022
Harvest pressure continues to keep a lid on gains for corn and soybeans after they attempted a move higher on the overnights Brazil’s 2022-23 crop planting has begun with first crop corn now 24% planted, they are expecting to see good rainfall over the next 2 weeks to help improve soil moisture as they get […]
Monday September 19, 2022
Mixed markets this morning, beans and corn sitting either side of unchanged, with wheat on the other hand notably lower Waiting to hear early unofficial yield indications from the U.S. after a good start to harvest at the end of last week Harvest will be on hold both locally and across the U.S. due to […]
Friday September 16, 2022
Markets down across the board today, continuing to slip off highs forged earlier in the week Meetings yesterday between Chinese and Russian officials regarding a potential trade agreement has been putting pressure on the markets Overall beans and corn remain relatively close to near term highs as we get into the first weekend of harvest both […]