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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.



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…

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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…

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2017 Durum Wheat Market in Review

When we started 2017, the market faced a record durum wheat crop in Western Canada and one of the biggest and best quality durum crops ever across the border in the U.S. More specifically, thanks to nearly 6.2 million acres planted in 2016, Western Canadian farmers harvested a record 7.76 million tonnes of durum wheat. Late-season rains/snow…

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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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