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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

Reports Leave Bearish Cloud on Wheat Markets

On Friday, June 29th, grain markets got a lot of information all at once. Apart from the ongoing trade war issues, this was due to Statistics Canada releasing its updated estimates for Canadian planted acres, while the USDA also gave further visibility on grain stocks as of June 1st, as well as their own update on planted acres in America.…

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Looking for a New Sign in Wheat Markets?

Wheat markets continued to be pressured towards the end of June, but so did the rest of the grain markets complex as it tries to price in a global trade war. Note that last week we see managed money go net short on corn, soybeans, Chicago soft red winter wheat, and oats. Only Kansas City hard red winter wheat speculators are long…

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Acknowledge the Storm and Carry On

Spring wheat prices have taken a beating in the past week as it followed the broader grain markets lower, but also concerns over GMO wheat in the Canadian supply chain. Basically, headlines are pushing demand to a standstill and with ample amount of supplies, new price equilibriums had to be found (regardless of the headlines). Old crop…

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The State of the Canadian Durum Market

Historically, Italy has been importing, on average, about 1 million tonnes of Canadian durum per year. But since last fall, Italy hasn’t imported one iota of Canadian durum (AKA they’ve stopped cold turkey). I had suggested a few months ago, back in January, that it was time for Ottawa to launch a formal trade challenge against…

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Where Can Wheat Prices Go from Here?

Wheat prices started to tick higher past the Canadian May Long Weekend as the market started to price in the risk of some drier conditions in wheat-producing countries around the world. Until now, the grain market has struggled to find any fresh bullish news to help push wheat prices higher. The adage of “plant into dust and bins…

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Looking for Both Black Soil and Higher Prices?

This week, the USDA announced that global ending stocks for 2017/18 would come in at 271.2 MMT. That’s a new record, and about a 2.3 MMT increase from the March figure.  It’s crazy to think that at a time that global consumption continues to rise, producers keep pumping all this wheat out of the ground.  We’re…

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Less Durum, More Spring Wheat in the US in 2018?

FarmLead.comWheat prices have been trading generally sideways but with bouts of volatility as the market deals with more geopolitical risk. This is entirely speculative risk though, whereas the likes of the USDA’s acreage reports out at the end of March are more concrete. These acreage estimates…

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