U.S. Plant 2021 Estimates Gives Fresh Bullish Boost
Last week, we flipped the calendar into April, but not before the USDA threw a doozy of a Prospective Plantings report at the grain markets. On Wednesday, March 31st, the USDA said that American farmers will plant way le…
It All Starts with Acres Planted
As we near the end of March, grain markets dipped again as the see-saw of demand vs supply headlines continues to dominate the market. Most of the supply factors are leaning on increasingly better-looking growing conditi…
Seasonal Downturn for Wheat?
Corn and soybeans ended last week higher, thanks to some strong U.S. export demand, but everything else including the wheat complex saw some heavy technical selling. Also worth noting is the healthy precipitation last we…
Bigger Supply, Stronger Demand
Wheat markets and everything else (save, canola), ended the middle of March in the red after a week of fund selling and bearish weather reports. Last week, the market was also served the USDA’s monthly WASDE report, wh…
Fireworks or Just Sparklers?
Wheat markets were mixed this week, but some technical selling put all but HRS wheat in the red from a weekly performance standpoint. In the broader complex, canola continues its meteoric rise as demand remains strong an…
A Contrarian Case for Spring Wheat
Wheat markets continued their march higher last week as frosty temperatures across the Southern Plains continued to spark concern of more winterkill of the winter wheat lying in dormancy.