Market Insider

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Brennan Turner

Brennan Turner is the Founder & CEO of FarmLead.com, North America’s Grain Marketplace. He holds a degree in economics from Yale University and spent time on Wall Street in commodity trade and analysis before starting FarmLead. In 2017, Brennan was named to Fast Company’s List of Most Creative People in Business and, in 2018, a Henry Crown Fellow as part of the Aspen Institute. He is originally from Foam Lake, Saskatchewan where his family started farming the land nearly 100 years ago (and still do to this day on more than 50,000 acres!). Brennan’s comments on grain markets are regularly featured in everything from small-town newspapers to large media outlets like CNBC and Bloomberg.

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Year

Wheat Prices Give Us Something to Talk About

Wheat prices have been trying to find a spark to help push it higher, but the complex seems to be anchored in two major facts: abundant world supplies and a bearish outlook for potentially a bumper crop in the northern hemisphere. More specifically, wheat prices are taking note of the good growing conditions in the Black Sea, as well as…

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(Already) Reacting to Plant 2019 Implications

In this week’s Wheat Market Insider, we’re starting in durum. The USDA’s attaché in Algeria says that soil moisture conditions are sitting above average, and combined with average temperatures, the outlook for this year’s crop is relatively favourable. Total grain acres in the country are pegged at 8.77 million…

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Drilling Into 2019 Wheat Acres

Last week, in the first full week of trading for the new month and calendar quarter, grain markets were mostly able to retain their gains for the week, albeit Friday, April 5th was a mostly down day for the complex. For the week, Minneapolis hard red spring wheat was the biggest loser while oats led the complex in gains (what do oats know,…

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All Eyes on 2019 Wheat Crop

Wheat markets pushed through to the second quarter of the calendar year on a bit of a weak note thanks to some bearish data released by the USDA on the last trading day of March. U.S. wheat stocks as of March 1st were pegged at 43.3 MMT (or 1.591 billion bushels). This would be 6% higher than the same report a year ago, the second-largest…

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AAFC Expecting Less Wheat, More Durum

Recently, Agriculture and Agri-Food Canada came out with its updated forecasts for the 2019/20 crop year and generally-speaking, the outlook hasn’t changed too much for wheat or durum. For the latter, 2019/20 acreage estimates were expanded by nearly 300,000 for a new forecast of 4.94 million acres. From a production standpoint,…

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Wheat Prices Rebound, But for How Long?

Wheat prices were able to rebound last week, mainly thanks to a big performance on Wednesday by Chicago SRW wheat that saw gains of nearly 30 cents. For the week, it did close about 20 cents higher, with the May 2019 contract finishing at $4.62. Here’s a look at how the wheat markets on the futures boards performed for both their…

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Any Silver Lining for Wheat in the March WASDE?

In last week’s Market Insider column, I talked about some of the hot, dry weather that’s been forecasted for Australia over the next few months (their autumn/fall season), and the bullish implication it might have on spring wheat prices in the long run. Just a few days later, Australia’s crop forecaster, ABARES, made…

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