StatsCan Continues to Lower Harvest Forecast
Grain markets rebounded last week as South American weather concerns are mounting and Statistics Canada provided an updated production estimate that shows Canada’s Harvest 2021 is one of the smallest in recent memory.
September WASDE, Harvest Activity Pressures Wheat Prices
Grain markets ended mostly red last week as, despite some buying after a somewhat expected bearish USDA WASDE report, tempered bullish activities throughout the week kept the complex down. Going into the September report…
StatsCan Confirms Drought, Smaller Harvest
Grain futures headed lower this past week as some better crop reports and demand concerns, namely the impact of Hurricane Ida on U.S. Gulf of Mexico export operations, weighed on the complex. However, for the month of Au…
More Yield, Production Downgrades Coming?
Grain markets all rebounded in the last full week of trading for August, as yield potential concerns remain elevated with updated crop ratings, harvest weather challenges, and yield monitors guiding the market. This past…
Wheat Prices Face Harvest, Crop Tour Reset
Grain futures pulled back in the third week of August as cereals harvest activity is ramping up and the ProFarmer crop tour through Midwestern states put a bearish spin on what’s been a bullish summer. The annual crop…
USDA Makes Major Bullish Cuts for Global Wheat
Grain futures all headed higher through the middle of August as the USDA’s monthly WASDE report showed reduced production across the board for the 3 major crops of corn, soybeans, and wheat, but wheat continues to have…