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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 FarmLead.com, 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 (www.farmlead.com) for more information and to sign up for Brennan's newsletter.

Archives


Year

StatsCan Retains Its Bearish Title

Last year’s Canadian spring wheat crop came in at just under 20.5 million tonnes. This year, StatsCan had previously estimated 20.1 million tonnes of Canadian spring wheat in their September data and satellite-driven estimate. Even that was a solid jump from the August estimate of 18.9 million tonnes. However, it’s easy to…

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Squeaking Out Bullish Factors

Societe Generale says that the ag commodities aren't likely to find some bullish winds to be swept away by. Instead, the French bank expects prices to stay near or below today’s prices for most crops. For example, a year from now, they are expecting 4Q2018 corn prices to be $3.50 USD / bushel on the Chicago Board of Trade. Today,…

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Looking for Santa Already

Grain markets this week were a bit muted as the U.S. Thanksgiving holiday interrupted any sort of momentum the market was finding. JP Morgan is telling its institutional investors not to have a buy and hold strategy in 2018, but rather “take advantage of price swings.” They do note though that they are bullish on Kansas hard…

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Keeping Our Eyes on the Price

Grain prices on the cash markets across Western Canada continue to try and climb off the harvest lows. All except pulse crops. Thanks to India’s 50% peas import tax, cash prices for #2 yellow peas in Western Canada are sitting below $6 CAD / bushel. Fun fact: this week the FarmLead Marketplace saw over 3,000 tonnes of the same quality…

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Loonie Spook Grains Higher

Grain prices in Western Canada found some legs, thanks to a weaker Canadian Dollar (more on that later). Hard red spring wheat prices got the biggest boost, climbing an average of 6.3% in the past week! This was followed by durum wheat, up 3.7% for the week and creeping back towards that $8 CAD / bushel in most places. Canola gained a…

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Trying to Get Out of Bearish Ruts

On Thursday, October 12th, the USDA came out with month’s report of world agricultural supply and demand estimates, or more commonly known as the WASDE. Going into the report, the focus was on yields, despite the bearishness that the reports in September and August provided.

For canola, there wasn’t much changed in this…

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