Market Insider

Brennan_Turner Bio thumb image overlay

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.



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…

Read More

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…

Read More

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…

Read More

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…

Read More

Recapping February 2018 Wheat Prices

Durum wheat prices couldn't replicate the success of winter wheat across North America. But a number of different stories are having a significant impact on prices. First of all, there’s wide speculation that there will be more durum acres planted in both Canada and the U.S. this year, namely because of the Indian import taxes on…

Read More

Guesstimating Potential Grain Production

In the past month, we’ve seen cash grain prices across Western Canada appreciate, mainly thanks to stronger futures markets. South America weather premium is helping drive a rally, as is continued dryness concerns in North America. First, the US Southern Plains remain fairly dry, albeit there Is some rain in the forecast before the…

Read More

2017 Spring Wheat Market Review

When we started 2017, the spring wheat market was dealing more supply than what it was originally expecting. Before we dig into really what happened in 2017, let’s refresh our memories of what happened leading up to this past year.

More Spring Wheat Than Expected

Ever since the bumper crop of 2013, the market has slowly…

Read More