Tight Supplies Versus Trade Risk
Grain markets closed out the second week of October mixed as the complex dealt with some surprises in the monthly WASDE report, as well as ongoing trade risk out of the Black Sea.
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Brennan Turner previously founded Combyne Ag, a grain accounting and crop marketing hub built to help producers make more informed decisions while on the go, via digitizing and unifying inventory, contracts, load tickets and settlements into a single app. He holds a degree in economics from Yale University and spent time on Wall Street in commodity trade and analysis before starting Combyne. In 2017, Brennan was named to Fast Company’s List of Most Creative People in Business and, in 2018, a Henry Crown Fellow as part of the Aspen Institute. He is originally from Foam Lake, Saskatchewan where his family started farming the land nearly 100 years ago (and still does to this day on more than 80,000 acres!). Brennan’s comments on grain markets are regularly featured in everything from small-town newspapers to large media outlets like CNBC and Bloomberg.
Brennan Turner previously founded Combyne Ag
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Subscribe to Market InsiderGrain markets closed out the second week of October mixed as the complex dealt with some surprises in the monthly WASDE report, as well as ongoing trade risk out of the Black Sea.
Read MoreGrain markets ended the first week of October mixed as accelerating harvest activity In the U.S. was offset on Friday by a 5% jump in oil prices and money flows generally directed towards commodities.
Read MoreGrain markets finished the last week of September mixed as fresh grain stocks data from the USDA, and ongoing trade risk issues in the Black Sea weighed on the complex. Soybeans took a nosedive on Friday, thanks to …
Read MoreGrain markets saw some heavy selling/profit-taking on Friday to end the week mixed, but the wheat complex was able to stay green, thanks to both European and Chicago wheat futures hitting 2-month highs this past Thursday…
Read MoreThis past week’s grain markets ended the week mostly higher, on account of some bullishness in the USDA’s September WASDE and stronger buying by funds of wheat futures.
Read MoreGrain markets were mixed last week as additional production and trade risk was priced into cereals, while oilseeds pulled back with energy markets and heavy Argentine soybean selling.
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