June 2018 Grain Prices Recap

Grain prices/markets had probably one of the most unseasonable months of June action in recent memory. Usually, farmers are looking to get some weather premium added to grain prices, but that really wasn’t the case this year. 


Trade war.

Or at least the talk and threat of it – the ax falls on Friday, July 6th when some of the first tariffs between China and the US are implemented. 

The idea of trade routes complete changing has investors pulling out of grain markets as they’re less inclined to speculate on assets that they can’t understand the risk nature of.

Put another way, there’s more risk in the market, and it’s the risk that many can’t understand, and thus, we see people pull out.

Put even one more way: No one wants to play in a sandbox where sand is constantly being thrown in their face. 

With trade war consuming most of the attention of grain prices in June 2018, we continue to cover all the major markets affecting the FarmLead Marketplace. 

For our GrainCents readers, in June 2018, we published 106 unique reports which included over 650 charts and tables on the 12 crops that we cover: corn, canola, soybeans, flax, durum, spring wheat, winter wheat, barley, oats, peas, chickpeas, and lentils.

This ranged from our perspectives on the trade war talk to specific cash grain sale recommendations and multiple reasons why, as well as our expectations for grain prices going forward. 

Depending on the crops that you’re growing or buying, bullish and bearish headwinds are swirling probably harder than ever before. Having a plan for your grain marketing or procurement is a must. 

Heading into July 2018, 3Q2018, and the second half of the calendar year, we continue to encourage you to read up on all recent FarmLead content in our Grain Marketing University, as well as exploring all your cash grain trade options on the FarmLead Marketplace.

To stay on top of all your grain prices, it takes work. However, the great team here at FarmLead will continue to make sure that we’re giving you the best possible chance to stay profitable going forward, using data, expert analysis, and the world-leading online cash grain marketplace.

To growth, 

Brennan Turner
President | CEO


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About the Author
Brennan Turner

Brennan Turner is the CEO of FarmLead.com, North America’s Grain Marketplace. He holds a degree in economics from Yale University and spent time on Wall Street in commodity trade and analysis before starting FarmLead. In 2017, Brennan was named to Fast Company’s List of Most Creative People in Business and, in 2018, a Henry Crown Fellow. He is originally from Foam Lake, Saskatchewan where his family started farming the land nearly 100 years ago (and still do to this day!). Brennan's unique grain markets analysis can be found in everything from small-town print newspapers to large media outlets such as Bloomberg and Reuters.

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