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Brennan Turner

Brennan Turner is the Founder & CEO of FarmLead, the global leader in digital cash grain marketplaces, including its newest trust-based tool, Combyne. 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

La Nina, Drought Concerns Spark Rally

Winter wheat futures were the clear winners through the middle of October in the grain markets as dry conditions in parts of the U.S., a lot of the Black Sea, and continuing in Argentina pushed the bulls to increase their long positions. Chicago wheat prices pushed higher to levels not seen in almost 6 years (December 2014) on the dryness…

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Wheat Gains On WASDE, U.S. Dryness

Before the Thanksgiving long weekend in Canada and Columbus Day in the U.S., wheat markets were served the monthly WASDE report on Friday, October 9th. In it, the USDA made some serious downgrades to U.S. corn and soybean ending stocks, which supported wheat prices a bit, despite there being a bit more bearishness on the wheat balance…

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Low-Protein Wheat Prices Lead the Rally

Wheat markets continue to rise with speculative buying in corn and soybean futures but, moisture concerns in a few areas for the 2021 harvest are helping out. As for Harvest 2020, many producers across Western Canada are close to putting the combines away for the year, whereas the durum and HRS harvests across the border in the U.S. are…

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Wheat Pulls Back but Positives Remain

Wheat markets pulled back last week as the combination of technical selling on the futures board and farmer selling in the cash markets forced wheat values back to reality. It’s not to say that wheat prices shouldn’t be this high, but moreso that the investors who rode the wave up on grain markets rally we’ve seen over…

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Wheat Trying to Ride Speculators’ Wave

Wheat markets found some healthy gains last week as bullish headlines continue to push the rally and hedge funds are showing their weight of influence. More directly, as of Friday, Sept 18th, 2020, managed money – AKA speculators – were sitting in their largest net-long position in Chicago SRW wheat futures since 2012! While…

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September WASDE Doesn’t Do Wheat Any Favours

While wheat futures are trying to rebound to start the second half of September, a dose of reality hit the complex on Friday, September 11th, 2020 in the form of the September WASDE. As wheat prices have seen a healthy improvement since the end of July, larger production and ending stocks number forced a technical selling week in what…

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Stronger Wheat Prices (But Until When?)

Last week, wheat markets continued their unseasonal push higher as the combination of frost, technical buying, and short-covering all helped the complex earn a positive performance before the September Labour Day long weekend. Supporting the wheat cash market was said frost – which unfortunately hit a large area of Saskatchewan and…

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