Market Insider

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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.



Wheat Harvest 2020 Picture Getting Clearer

Wheat prices ended last week mostly lower as gains made earlier in the week – due to production downgrades in Europe, the Black Sea, and Argentina – but welcomed moisture events kept the rally in check.

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Wheat Finding a Summer Bid

Wheat markets all looked pretty good to end last week’s trading as a slightly bullish-wheat July WASDE report made a surprise/rare appearance. In it, the USDA acknowledged both a smaller American wheat harvest (-5% year-over-year) and slightly tighter global supplies. Understandably, in a COVID-19 world where food staples made with…

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Cue the Growing Season Pains

As we near the end of the month of June, the wheat complex continues to be challenged by relatively benign conditions and the winter wheat harvest accelerating with decent results. Scattered precipitation has alleviated drought or near-drought conditions throughout the major wheat-growing regions in North America, inherently giving the…

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Pressing Pause on Weather Premiums

Wheat markets continue to be pressured by the accelerating winter wheat harvest in the northern hemisphere, but spring wheat futures and durum cash prices have been resilient as dryness concerns in Western Canada and the Northern Plains grow.

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Can Record Wheat Stocks be Bullish?

Last week’s WASDE report showed us that the USDA expects the world to have a record amount of wheat (316.1 MMT to be exact) still available by the end of the 2020/21 crop year. This, combined with an increase in the forecast of U.S. production, weighed pretty heavily on wheat prices last week and the sea of red on the futures board…

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Another Year of Musical Chairs?

Wheat markets closed lower last week as a Friday sell-off pushed the performance into the red. Pressuring wheat prices has been the start of the harvest in the Southern Plains, Europe, and the Black Sea. Some new production forecasts out of Australia are also keeping the bears in charge.

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Thinking New Crop Wheat Sales

Around this time of year, I’m always getting asked by farmers and grain buyers alike about new crop sales sentiment. Usually what results is a conversation about the direction of the market (bearish vs bullish indicators) and reducing some of your exposure to the downside risk. Often, this is the time of year when we start to see…

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