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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

Waiting for the Next Wheat Rally

On Thursday, July 11th, we got the monthly WASDE report from the USDA, but it didn’t really give us anything tangible. This is because everyone is waiting for the August WASDE report, in which the USDA will update their seeded acreage estimates from their self-admittedly inaccurate numbers in the June acreage report. I posited on…

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Wheat Harvest 2019 is Officially On

As we push into the middle of July, combines are rolling in North America but also in Europe and the Black Sea. Favourable weather conditions in the Southern Plains have helped things immensely though, as 17% of the crop was harvested in the past week, to put things at 47% total. Granted this is behind the 61% harvested at this time a…

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It’s All About Production Now

Grain markets pushed through the last day of June with some bearish reports from the USDA that said corn acres planted this year were not as small as the market was anticipating. Since the collection of information for the June acreage report was from before June 10th, intentions from that date and what’s happened since then are…

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Data Reports Might Help Bulls Regain Strength

Cash wheat prices have seen their rally stall from their highs last week as recent rains across the U.S. Northern Plains and Canadian Prairies have pushed the bulls out of the fields and back into the pen they’ve been cooped up in most of the year. This last week of June though might be the end of the intense volatility that we’ve…

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Corn Provides Support for Wheat Prices

In the second week of June, winter wheat prices gained some ground on corn prices hitting new five-year highs, but hard red spring wheat prices in Minneapolis lost some ground on anticipated rains for Western Canada. Corn prices improved by 9% or nearly 40 cents USD/bushel in Chicago thanks to the USDA felling their estimate for average…

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A June Divergence of Wheat Prices

Ahead of the June WASDE report, out on Tuesday, June 12th, Minneapolis hard red spring wheat was the only grain that made any significant gains for the first full trading week of June. One of the reasons behind those gains is there continues to be strong demand for high protein and, as mentioned in last week’s column, Australia likely…

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Wheat Finding Weather Premiums (Finally)

Wheat prices found the biggest gains last week as major American winter wheat production areas – especially Kansas – have seen more precipitation in the month of May than pretty much any other year in the record books.

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