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

AAFC Expecting Less Wheat, More Durum

Recently, Agriculture and Agri-Food Canada came out with its updated forecasts for the 2019/20 crop year and generally-speaking, the outlook hasn’t changed too much for wheat or durum. For the latter, 2019/20 acreage estimates were expanded by nearly 300,000 for a new forecast of 4.94 million acres. From a production standpoint,…

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Wheat Prices Rebound, But for How Long?

Wheat prices were able to rebound last week, mainly thanks to a big performance on Wednesday by Chicago SRW wheat that saw gains of nearly 30 cents. For the week, it did close about 20 cents higher, with the May 2019 contract finishing at $4.62. Here’s a look at how the wheat markets on the futures boards performed for both their…

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Any Silver Lining for Wheat in the March WASDE?

In last week’s Market Insider column, I talked about some of the hot, dry weather that’s been forecasted for Australia over the next few months (their autumn/fall season), and the bullish implication it might have on spring wheat prices in the long run. Just a few days later, Australia’s crop forecaster, ABARES, made…

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Spring Wheat Might Find Further Favour Yet

Wheat markets pushed into the month of March with a bit of a divergent attitude between winter and spring wheat prices. For the month of February 2019, both the Chicago and Kansas City futures boards saw their respective winter wheat prices drop more than 60¢ USD/bushel. About half of this loss came the last week of February alone,…

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Reading Through the USDA’s February Data Dump

Wheat markets continue to trot lower as new market data for both the 2018/19 and 2019/20 crop years are keep any bullish action bottled up in the pen. While there have been some other headlines (namely around the trade war) spurring corn and soybean prices, there hasn’t been much to propel higher prices for wheat markets. That being…

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Wheat Prices Hitting Seasonal Highs?

As we moved into the second half of February, wheat markets started to pull back a bit from some of the recent highs made earlier in January on weaker cash prices on the international market and some bearish technical signals. That being said, on domestic front, we’ve also seen wheat prices pull back a bit. This despite, 2018/19…

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Two Stories of Wheat Prices: Old vs New Crop

Wheat prices continue to be supported by some of the colder North American weather and the dwindling exportable supplies in the Black Sea. This a result of a certainly smaller 2018/19 wheat output in these countries, notably Russian wheat production down 15% and Ukraine’s wheat harvest down 7% year-over-year. Add in Australian production…

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