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Brennan Turner

Brennan Turner is originally from Foam Lake, SK, where his family started farming the land in the 1920s. After completing his degree in economics from Yale University and then playing some pro hockey, Mr. Turner spent some time working in finance before starting, a risk-free, transparent online and mobile grain marketplace (app available) that has moved almost 150,000 MT in the last 2.5 years. His weekly column is a summary of his free, daily market note, the FarmLead Breakfast Brief. Visit the FarmLead website ( for more information and to sign up for Brennan's newsletter.



Acknowledge the Storm and Carry On

Spring wheat prices have taken a beating in the past week as it followed the broader grain markets lower, but also concerns over GMO wheat in the Canadian supply chain. Basically, headlines are pushing demand to a standstill and with ample amount of supplies, new price equilibriums had to be found (regardless of the headlines). Old crop…

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The State of the Canadian Durum Market

Historically, Italy has been importing, on average, about 1 million tonnes of Canadian durum per year. But since last fall, Italy hasn’t imported one iota of Canadian durum (AKA they’ve stopped cold turkey). I had suggested a few months ago, back in January, that it was time for Ottawa to launch a formal trade challenge against…

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Where Can Wheat Prices Go from Here?

Wheat prices started to tick higher past the Canadian May Long Weekend as the market started to price in the risk of some drier conditions in wheat-producing countries around the world. Until now, the grain market has struggled to find any fresh bullish news to help push wheat prices higher. The adage of “plant into dust and bins…

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Looking for Both Black Soil and Higher Prices?

This week, the USDA announced that global ending stocks for 2017/18 would come in at 271.2 MMT. That’s a new record, and about a 2.3 MMT increase from the March figure.  It’s crazy to think that at a time that global consumption continues to rise, producers keep pumping all this wheat out of the ground.  We’re…

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Less Durum, More Spring Wheat in the US in 2018?

FarmLead.comWheat prices have been trading generally sideways but with bouts of volatility as the market deals with more geopolitical risk. This is entirely speculative risk though, whereas the likes of the USDA’s acreage reports out at the end of March are more concrete. These acreage estimates…

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Will Better Rail Movement Mean Better Wheat Prices?

The slower movement of grain this year in Western Canada draws comparisons to 2013/14. What did spring wheat prices do then and how might things change going forward?  It’s clear that grain transportation by rail, as well as grain handling capacity, are scoring very poor again this year. Therefore, we wanted to assess whether…

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Weak Acres but Strong Exports for Australian

This week we got the March 2018 WASDE report from the USDA but there wasn’t anything to noticeable for the week market. More specifically, Russian wheat exports were raised by 1.5 million to 37.5 million tonnes. Also, the USDA lowered hard red winter wheat exports by 15 million bushels and hard spring wheat exports by 10 million…

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