Market Insider

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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

Surprising Wheat Woes

On Thursday, August 10th, the USDA released their August grain report for world agricultural supply and demand estimates. To everyone’s disappointment, the USDA came out very bearish. U.S. corn yields were only lowered by 1.2 bushels to 169.5 per acre. Average American soybean yields were actually increased by 1.4 bushels to 49.4…

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Where’s The Wheat?

Wheat markets continue to light the lamp for farmers on most elevator bid sheets. The focus continues to be on the weather but bulls might be heading to the sideline for the time-being as U.S. heat fears are subsiding. The December Minneapolis hard red spring wheat contract has now lost $1.10 USD/ bushel since its high on July 5th of $8.43.…

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What’s Up With American Wheat?

FarmLead’s new editor, Garrett Baldwin, joins Brennan Turner this week in the AWC Market Insider column. You can find Garrett’s bio at the end of the column.

With weather a significant factor in the state of the American wheat crop, the report notes that triple-digit temperatures and dry heat have stretched…

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Grain Markets Halftime

As we turn the calendar into July, we’re taking a look back at the markets over the last six months. We’ll also offer our expectations for the balance of 2017.

In our 2017 Grain Markets Forecast (posted in January), we made several timestamped projections. You can review…

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Obvious Changes

Cash spring wheat markets in Western Canada saw a nice bump over the past 2 weeks as U.S. and Canadian production concerns are weight heavy on the market. More specifically, 90% of the Dakotas are experiencing severe or extreme drought conditions. In the last week of June alone, Minneapolis spring wheat markets gained over 13%! More acutely,…

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Favourable Heat?

Some hot, dry weather through the first few weeks of June in parts of Western Canada and the Northern Plains added some premium to the markets, albeit it’s started to fade with some rain finally falling and/or in the forecast. It’s now suggested that almost 90% of North Dakota and over half of South Dakota is experiencing drought…

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A Grain War

Grain markets entered the month of June with weather premium waning a bit before we saw some below-expected crop ratings out from the U.S.D.A. add some bullishness back in the market.

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