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.

Archives


Year

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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