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.

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Year

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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2019 Wheat Harvest Tracking Quite Late

Wheat markets were pressured lower last week by the northern hemisphere harvest accelerating and some outside pressure by corn and soybean markets thanks to heightened trade war tensions. Progress last week in North American was slowed a bit last week by rain and cooler temperatures and generally speaking, across the region, the harvest…

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The Competitive Landscape of Wheat Exports

Wheat prices continued to follow corn prices lower last week as the market continued to digest the bearish acreage, yield, and production data shared by the USDA in the August WASDE report.

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August WASDE Gives Bearish Surprise

Grain markets found some gains in the first full week of August as the complex prepared for the much-anticipated August WASDE report. Going into the report, the sentiment is fairly bullish as there are some major reductions of U.S. acreage, production, and ending stocks for the 2019/20 crop. Wheat prices for the week were mixed as technical…

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From One Year to the Next

As most of us enjoyed some nice summer weather over the long weekend, the crop year calendar passed over from 2018/19 into 2019/20. For the year, we saw CPS wheat prices across Western Canada lose 8.6% since August 1st, 2018. HRS wheat prices had a similar downturn, losing 12.2% for the year, while durum essentially ended the 2018/19 crop…

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2019/20 Wheat Production Picture Becoming Clearer

Wheat markets turned lower for the second straight week, trading alongside lower corn prices and general progress of the wheat harvest in the Northern Hemisphere. Hard red spring wheat prices were able to limit their losses, thanks to some slightly bullish crop tour data. The International Grains Council (IGC) cut its 2019/20 wheat production…

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2019/20 Competition & Opportunities for Canadian Wheat

Wheat prices had a tough last week, as better growing conditions and U.S., European, and Black Sea winter wheat harvests all put bearish pressure on wheat prices on the futures boards. The net result on cash markets was average spot prices for CPS wheat prices in Western Canada falling 5.7% (or 34¢ CAD/bushel) to $5.57 and HRS wheat…

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