Wheat Prices Up Nearly 70% Year Over Year
Grain futures were mixed to end the month of July as the impact of hot, dry weather in Western Canada and the U.S. Northern Plains continues to be supportive of wheat prices. Further helping the complex is a lower Russia…
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Double-Digit Wheat Prices Are Here
Putting further bearish pressure on the grain futures complex was commentary that Chinese soybean imports are likely to slow in late 2021 while Russia’s wheat harvest is looking quite promising with average yields abov…
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Wheat Climbs with Bullish Report, Temperatures
Grain markets pushed higher through the middle of July as the USDA gave its confirmation of what we already knew: this year’s North American wheat crop is going to come in well below average. The U.S. spring wheat and …
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Grain Markets Reset Amidst the Heat
Canola futures were limit up on Friday, largely thanks to gains in palm oil and soy oil prices, but traders are watching rainfall forecasts, moisture profiles, and crop conditions very closely to help guesstimate just ho…
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Rolling With the Weather Markets
Grain markets ended last week firmly in the red, but it could’ve been a lot worse had it not been for a sharp rebound on Friday from the sell-off we saw on Thursday. While strong demand continues to provide an underlyi…
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Rains Come with Bears, Not Bulls
The wheat complex was mixed moving through the middle of June as a slightly bullish monthly WASDE report was offset by a healthy amount of moisture falling over many dry areas across North America.
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