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

Wheat Eyes WASDE, Smaller Aussie Harvest

Last week, the USDA presented its February edition of their World Agricultural Supply and Demand tables but wheat markets were reminded yet again by the U.S. government that there’s still a lot of wheat in the world. Accordingly, wheat markets pulled back for a red weekly performance.

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Wheat Markets Tread Carefully

Alongside the rest of the grain markets complex, wheat prices on the futures board were able to end their skid and bounce a little higher on bargain buying and short-covering. While some of this could also be traders positioning ahead of the February 2020 WASDE report, the USDA has admitted that they’re only going to report on “publicly…

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Wheat Slides With Outside Markets

Alongside the rest of the complex, wheat markets on the futures board finished the month of January rather ugly as traders headed for the sidelines.

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Wheat Markets Regress Alongside Broader Selling

Soft red winter wheat prices in Chicago were the only commodity to find gains this week and it would have been much more positive if it were not for the heavy losses on Friday alongside the rest of the complex. To start this week, wheat prices have continued their sell-off, although it’s alongside all other grains as investors move…

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Wheat Waiting in the Wings

Wheat prices were slightly stronger last week on some weather and tradeflow headlines, but grain markets were dominated by the signing of the Phase One trade deal between China and the United States. Unfortunately, soybean prices didn’t react that well to the deal as there is a lot of vague legalese in the agreement, including this…

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January WASDE Tries to Reflect New Wheat Trade-Flows

Last Friday on January 10th, the USDA published its monthly world agricultural supply and demand estimates report – AKA the WASDE – and provided updated values that reflect some of the current global trade-flows of wheat. More generally, grain markets seemed to ignore the bearish nature of the corn and soybean data released…

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2020 Outlook for Canadian Wheat

2019 was a bit of divided year for the Canadian wheat market as durum slumped while exceptional spring wheat exports supported healthy prices, especially CPS wheat prices. As we flip the calendar into 2020 though, the market is less enthusiastic about HRS wheat, has found some love for durum, and CPS wheat remains one of the more profitable…

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