The month of June saw spring wheat prices decline thanks to ongoing trade tensions between the United States and the rest of the world. The weather showed no signs of slowing down crop progress and crop quality continues to remain high across major growing regions.
This in mind, hard red spring wheat prices in the month of June alone lost 19% in Minneapolis. Also weighing on prices were bigger-than-expected acreage numbers in both Canada and the US.
Finally, a GMO finding in Southern Alberta basically all but killed the Canadian market, as spring wheat prices took a pretty good tumble on lower demand prospects.
For our GrainCents readers, we’re watching a variety of factors that might affect spring wheat prices: 2 are bearish, 4 are bullish, and 5 are noise.
This month, for GrainCents readers, we delved deeper into topics such as:
Heading into the second half of the year, buyers and sellers of grain need actionable insight to make sense of ongoing trade tensions, supply and demand factors, and market behavior. We’re going to see a few wild swings in prices as the summer months progress, and you owe it to yourself to stay on top of the markets.
That’s why we’re offering a free three-week trial to GrainCents, our exclusive sales recommendation service that holds a 93% success rate on getting farmers the best price possible.