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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.



Wheat Prices Began Their Rise in July

The month of July started out slow for wheat prices, but as we got into the second half of the month, things started to pick up. We’ve started to see more aggressive moves in this first week of August, thanks to some drier weather in Europe, Australia, as well as North America.

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Spring Wheat Basis Supported by Global Factors

Last week, Japan lifted its ban of importing Canadian wheat and immediately jumped into the market looking for 63,000 MT of 13.5% protein spring wheat. We had previously suggested that it could take up to three months before Japan ended its break-up with Canadian spring wheat.

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Where Do Spring Wheat Prices Go in the Next 6 Months?

What a difference a year makes. The portion of the US spring wheat crop rated good-to-excellent (G/E) are 40 points higher right now than last year, and we saw a big uptick in spring wheat acreage. The question, moving forward, is how the weather will hold. Spring wheat prices have faced renewed pressures thanks to trade and weather concerns.…

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Reports Leave Bearish Cloud on Wheat Markets

On Friday, June 29th, grain markets got a lot of information all at once. Apart from the ongoing trade war issues, this was due to Statistics Canada releasing its updated estimates for Canadian planted acres, while the USDA also gave further visibility on grain stocks as of June 1st, as well as their own update on planted acres in America.…

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Looking for a New Sign in Wheat Markets?

Wheat markets continued to be pressured towards the end of June, but so did the rest of the grain markets complex as it tries to price in a global trade war. Note that last week we see managed money go net short on corn, soybeans, Chicago soft red winter wheat, and oats. Only Kansas City hard red winter wheat speculators are long…

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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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