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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.

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Year

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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Is 2020/21 Durum’s Year?

Wheat markets continue to inch higher this week following production concerns in Argentina and the EU. Corn and soybean markets are also rising due to challenging weather affecting the crops’ end season. More about the global harvest is starting to be understood, including here in Canada thanks to StatsCan’s first production…

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Rebounding Wheat Markets

The rebound in wheat markets seen over the past week and continuing into the last few days of August is a combination of some short-covering and some production concerns in Argentina. Last week’s ProFarmer crop tour showed the market that the USDA’s estimate of record corn and soybean yields is out-to-lunch and as the smaller…

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An Unappetizing August WASDE?

Last Wednesday, on August 12th, the USDA provided its latest installment of their monthly estimates of world agricultural supply and demand, or the WASDE. Specific to wheat markets, the USDA said that ending stocks for 2020/21 will hit a new global record of 316.8 MMT. Keep in mind though that China still accounts for 51% of total global…

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Managing Wheat Markets’ Anomalies

Throughout the growing season, it constantly feels like you’re go, go, go until all the equipment’s tucked away in the shop for another winter (minus the tractor that you have to put blade on to clear snow). But, if you’re managing your time appropriately, you might find yourself with a few days here or there to maybe…

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Record Wheat Exports to Continue?

Wheat prices on the futures board finished last week in the green as U.S. exports sales came in above expectations and hot weather in North American growing regions supported the complex. While the hot weather should help protein prospects, it will intuitively negatively impact yield potential. However, with some rains falling this past…

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