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

Competing Weather, Quality, and Exports

Wheat markets went into the Canadian Thanksgiving weekend on a high as the complex started to price in the impact of some early winter weather hitting major spring wheat production acres. The impact on quality has been talked about in this column and many others for the past few weeks, but now the issue is coming to a head with the snow.…

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Cash Wheat Prices Earning Quality Rally

As rain and snow continue to keep Harvest 2019 at bay, quality premiums have started to creep into the market, especially for hard red spring and durum crops. Before digging into cash activity in Western Canada, wheat’s three futures markets were mixed last week on mostly technical positioning. Limited U.S. export activity also kept…

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Wheat Prices to Climb with Snow, Rain?

Wheat prices started to find some strength as it ended the month of September, namely due to snowy, cooler, and wet weather wreaking havoc on crops still not yet in the bin.

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Wet Weather Weaves Wheat Higher

Wheat markets are starting to find some strength as we finish the month of September as wet weather is starting to put some serious quality concerns on the remaining hard red spring wheat durum harvest in North America. This comes as speculators were sitting on a record short position on the Minneapolis spring wheat futures board. This…

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USDA, StatsCan Hit Refresh on Wheat

Last week, the USDA and Statistics Canada both released updated estimates for what Harvest 2019 is going to look like. For the latter, StatsCan’s numbers were based on their data/satellite model, versus the farmer survey-based production estimates released a few weeks ago. Compared to that report, StatsCan raised total wheat production…

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Less Wheat, More Rain for Harvest 2019

On Friday, Statistics Canada came out with their survey-based stocks report, after questioning more than 13,100 farmers throughout July and the early part of August. Statistics Canada reported that total wheat stocks held in Canada at the end of the 2018/19 crop year sat at 6.2 MMT, down 4.6% year-over-year. The majority of the decline…

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StatsCan the Highlight of a Disappointing August?

Wheat prices ended the month of August with another poor week, pushing the value of the complex further down as Harvest 2019 ramps up. Chicago wheat prices have pulled back the most last week as the spread against its main competitors has gotten a bit too wide. Soft red winter wheat prices have enjoyed a luxurious premium over HRW wheat…

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