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

Is Australia's Loss Everyone’s Gain?

Wheat markets flipped the calendar from November to December with Chicago wheat climbing to a 5-month high. Chicago SRW wheat futures jumped 15 cents on Friday alone, helping push up it’s solid monthly gain. However, Minneapolis futures for HRS wheat continue to underperform, showing a loss of about a quarter on both old and 2020…

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2020 Winter Wheat Crop Concerns?

In last week’s Wheat Market Insider, we looked at the pace of U.S. and Canadian wheat exports, but more and more headlines are popping up, talking already about 2020. Some of these articles helped winter wheat prices be the darling of the wheat complex last week, while technical selling and rolling of contracts pushed hard red spring…

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One-Offs vs the Bigger Wheat Picture

Wheat prices on the futures board all lost ground last week as southern hemisphere production concerns and record cold weather in the U.S. Southern Plains were overcome by outside pressure from corn markets and a general reminder that there’s still a lot of wheat in the world. For example, an Argentine wheat harvest of 18.5 MMT,…

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Turning Our Wheat Eyes South

Wheat markets worked mostly lower through the first full week of November as farmer selling and outside bearish pressure from corn and soybeans weakened the complex. Also weighing on broader markets was a less-than-enthusiastic WASDE report from the USDA, as the government agency continued their streak this year of creating more questions…

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Why Haven’t Wheat Prices Rallied More?

As grain markets flipped the calendar to November, many were hoping it was also flip the script on the battle that’s been Harvest 2019 and the sideways-to-bearish nature of the complex in October. Technically, wheat prices on their three futures boards were mixed last week, but for the month of October, only hard red spring futures…

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Wheat Markets Seeing Beyond the Snow

Wheat markets were mostly lower last week on some weak U.S. export sales and a good pace of planting of winter wheat in the Black Sea and the U.S. Northern Plains. More regional-specific, the area seeded in the Ukraine is a little bit behind, namely because of dry conditions there, but some better moisture and warmer weather in Russia…

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Wheat’s Windows of Opportunity

Wheat markets were mixed this past week as the complex see-sawed on farmer selling versus the lack of harvest activity. Kansas City HRW wheat futures slide to a new record spread against its soft Chicago wheat compadre, as Chicago shorts were covered on international wheat production concerns. This drove Chicago wheat prices this past…

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