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Brennan Turner

Brennan Turner is originally from Foam Lake, SK, where his family started farming the land in the 1920s. After completing his degree in economics from Yale University and then playing some pro hockey, Mr. Turner spent some time working in finance before starting FarmLead.com, a risk-free, transparent online and mobile grain marketplace (app available) that has moved almost 150,000 MT in the last 2.5 years. His weekly column is a summary of his free, daily market note, the FarmLead Breakfast Brief. Visit the FarmLead website (www.farmlead.com) for more information and to sign up for Brennan's newsletter.

Archives


Year

Loonie Spook Grains Higher

Grain prices in Western Canada found some legs, thanks to a weaker Canadian Dollar (more on that later). Hard red spring wheat prices got the biggest boost, climbing an average of 6.3% in the past week! This was followed by durum wheat, up 3.7% for the week and creeping back towards that $8 CAD / bushel in most places. Canola gained a…

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Trying to Get Out of Bearish Ruts

On Thursday, October 12th, the USDA came out with month’s report of world agricultural supply and demand estimates, or more commonly known as the WASDE. Going into the report, the focus was on yields, despite the bearishness that the reports in September and August provided.

For canola, there wasn’t much changed in this…

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Tracking Year-Over-Year

Grain markets started into the month of October with a bit of a negative swing before some concerns of how fall-seeded crops are faring started to creep into the markets. Winter wheat seeding in America is behind schedule with just 36% of the expected crop in the ground as of Sunday, October 1st. The five-year average is 43%. Kansas produces…

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Taking Stock of Reports

This week’s grain markets were largely influenced by that was happening in currency markets and government reports. This week I dug into some of the Statistics Canada reports and it was a bit disappointing to see the agency isn’t very good at production estimates (at least compared to their track record of revisions). This…

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Gaining (Some) Ground?

Grain prices across Western Canada generally dipped this week with only canola and CPS wheat getting some legs. This week, Statistics Canada released its satellite and climate data-based grain production estimates. Compared to their estimates back on Aug. 31, this report was more bearish for all crops grown in Canada, especially wheat…

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Continuous Wheat Price Pressures

Grain markets continue to shift lower as harvest pressures – namely better-than-expected yields – and a stronger Canadian Dollar put pressure on cash prices. This past week the USDA came out with their monthly world agricultural supply and demand estimates. Most of the market was expecting yield and production downgrades in…

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