This week’s grain markets were largely influenced by that was happening in currency markets and government reports. This week I dug into some of the Statistics Canada reports and it was a bit disappointing to see the agency isn’t very good at production estimates (at least compared to their track record of revisions). This…
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.
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Grain prices across Western Canada generally dipped this week with only canola and CPS wheat getting some legs. This week, Statistics Canada released its satellite and climate data-based grain production estimates. Compared to their estimates back on Aug. 31, this report was more bearish for all crops grown in Canada, especially wheat…