I am changing the way I send out the “My 2 Cents” email, instead of sending it the conventional way I am now sending it through MailChimp.  Please check your junk folder if it doesn’t show up in your inbox and will have to mark it as safe so it ends up coming into your inbox in future. Would like some feed back on content and anything else.

Markets finished last week weaker and opened Sunday night weaker as well.  The weakness continued until mid trade Monday when things turned around.  Could be possibly grains have formed a firm bottom or just month end profit taking.

Markets started out making some gains but ran out of gas.  Not much for news to push things higher.

Markets were in the red after Tuesdays jump higher.  Wheat actually weathered the storm better than canola only losing $0.04 vs canola giving up all it gained plus more.  I guess that’s what they call a dead cat bounce.

Markets were mostly higher as we came out of a long weekend.  Canola had a really good day Friday and saw some follow through Tuesday but did pull back off the highs but still finished positive.

Markets spent the day in the red.  Canola was only down a few bucks for most of the day but then got hit hard near the close dropping another $12.40/mt.  Not much for news out there to chase it higher other than maybe some profit taking ahead of the long weekend as markets will be closed Monday.

Markets spent the day deep in the red with canola taking the biggest hit following soybeans lower with spring wheat coming under pressure follow corn and weaker Russian values.

Markets were mostly lower on the US side of things while canola did manage to make gains.  The big influence in the market was the USD which made a big jump higher as the US CPI Data was released which lead to pressure on commodities.

Not much for weekend news to drive the market higher but canola did manage to spend the whole day in the green which is a change.  Will need to see if it can break its losing streak and do 2 days in a row in the green.

Markets were mixed on the day with canola making some gains while wheat took a hit lower.  Stats Can stocks report came out which was more or less in line with estimates.  With the price action in canola on the day it looked to me like the market was maybe a bit surprised that the stocks number wasn’t larger but was only a bit larger than it was at this time last year.

Markets were mixed on the day with wheat getting pushed lower while canola actually made some gains.  Stronger USD and lower Russian port bids weighed on the wheat market.  There was also reports that Turkey’s Foreign Minister stated that Turkish President Erdogan will be talking with Putin about opening up the UN Black Sea corridor.

Markets were lower for most of the day but the wheat complex did manage to get some legs under it mid trade.  A few things that was going on was rumors of China looking at French wheat which had those markets popping up higher which spilled over into the US markets.

Markets were mixed yesterday with soybeans and meal higher while wheat, canola and corn were lower.  Not much for news out there to drive the wheat market higher but something that did catch my attention is the KC futures are getting inverted as the nearby month is higher than the next futures month.

Markets started the day out continuing its weaker trend from Mondays action but did get some legs under it across the whole complex.  A few things to look at is that it is month end, Argentina weather seems to be turning hotter and drier and things are heating up in the middle east as the Houthis continue their attacks on US naval ships.

Markets were deep in the red Monday as we wrap up the first month of the year.  Looking at wheat, the story hasn’t changed, Russian values continue to lead the market lower and there is somewhat of excess old crop supplies with limited demand.

SIDENOTE – This Saturday I will be leaving for Mexico for the week, I will have my laptop with me and will keep you posted an things as I can.  If you have any questions you can shoot me a text!

Wheat started the day out looking like it was going make a move higher but phased out near the close.  Canola seemed like it was under heavy soybean pressure but did manage to make some gains off the lows.

Well the USDA report has come and gone and it was interesting to say the least.  Once the numbers were out the initial reaction was knee jerk lower which was to be expected as I was looking at this report to be somewhat of a not so friendly report.

Markets were under heavy pressure to start the week with everything in the red with the exception of oats which actually finished the day up $0.08.

Markets were mixed Friday with wheat actually in the green while everything else was in the red.  There was some chatted about more wheat sales to China out of the US but nothing confirmed as of yet.