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

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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Wheat Gains on Seasonality, Demand Updates

Wheat markets found gains in the second week of December, thanks to strong U.S. export sales and some changes in the December WASDE. Wheat also followed broader markets higher on the announcement that a “Phase One” deal between the U.S. and China had been agreed to. While the December WASDE basically fell on deaf ears, the…

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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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